Merck Targets Consumer Health Divestment Completed in Q4 2018

By : Hariyanto And Aldi Firhand. A | Friday, June 22 2018 - 22:59 IWST

PT Merck Tbk
PT Merck Tbk

INDUSTRY.co.id - Jakarta - PT Merck Tbk targets the divestment of the consumer health segment to be completed in the fourth quarter of 2018. The divestment transaction value of the business segment is estimated to reach Rp 1.38 trillion.

According to the company's official publication on Friday (22/6/2018), the transaction represents the sale of CH's business segment, excluding the receivables of assets, accounts payable, and certain other assets and liabilities related to the CH business segment.

The buyers of this business segment are PT Procter & Gamble Home Product Indonesia and other entities or entities in The Procter & Gamble Company business group appointed by the final controlling shareholder of PT Procter & Gamble Home Product Indonesia.

Management stated, continue running the business segment of consumer health as usual until the transaction process is complete.

All brand names and trademarks of the consumer health business will be ditrasger to P & G, including the acquisition of all employees who are 100% dedicated to the consumer health business after the transaction is complete.

"We are confident of being able to adjust to the new focus, while keeping the business growth priority," said the management.

With Merck's production facilities still in place, the company will focus its operations on the operations and business segment development of Biopharma and other business segments. (imq)

News Comment

Today's Industry

The President Director of PT Indo Premier Sekuritas, Moleonoto

Minggu, 13 Juni 2021 - 11:33 WIB

Promote Exchange Traded Fund, Indo Premier Holds ETFest 2021

The optimism of Indonesian capital market investors continues to squirm during the Covid-19 pandemic, despite the JCI has been under selling pressure in recent weeks. This optimism is reflected…

President Jokowi on Thursday (10/06) inspected mass COVID-19 vaccination at Kampung Rambutan Bus Station, Jakarta. Photo by: BPMI of Presidential Secretariat/ Muchlis Jr

Kamis, 10 Juni 2021 - 22:15 WIB

President Jokowi Inspects Mass COVID-19 Vaccination at Kampung Rambutan Bus Station

President Joko “Jokowi” Widodo on Thursday (10/06) inspected mass COVID-19 vaccination at Kampung Rambutan Bus Station, Jakarta.

President Joko Widodo

Kamis, 10 Juni 2021 - 21:00 WIB

President Jokowi: Limited Face-to-Face Learning Will Be Done With Extra Caution

The Government has announced plan to allow face-to-face learning at schools in the new academic year in the upcoming July. Related to this plan, President Joko “Jokowi” Widodo has ordered…

President Jokowi inspects mass vaccination at Indoor Stadium of KElapa Dua Sport Center in Tangerang regency, Banten province, Wednesday (09/06/2021). (Photo: Bureau of Press, Media, and Information of Presidential Secretariat/Muchlis Jr)

Kamis, 10 Juni 2021 - 20:00 WIB

Gov’t Aims for One Million Vaccinations Per Day in July

The Government has announced target to give 700,000 jabs of vaccine per day in June and one million jabs per day in July. During inspection at mass COVID-19 vaccination site on Wednesday (09/06)…

President Jokowi inspects mass COVID-19 vaccination at RSUI Depok, West Java, Wednesday (9/6). (Photo by: BPMI/Muchlis Jr)

Kamis, 10 Juni 2021 - 19:00 WIB

President Jokowi Inspects Mass COVID-19 Vaccination at Universitas Indonesia Hospital in W. Java

President Joko “Jokowi” Widodo, on Wednesday (9/6), inspected mass COVID-19 vaccination at Universitas Indonesia Hospital (RSUI), Depok, West Java.