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Freshfields advises Merck on the sale of its global Consumer Health business to Procter & Gamble
Freshfields Bruckhaus Deringer LLP has advised Merck KGaA, a leading science and technology company in healthcare, life science and performance materials, on the sale of its global Consumer Health business to Procter & Gamble for approximately €3.4bn cash, or approximately $ 4.2 billion at current exchange rates.The transaction will be executed through the sale of Merck’s shares in a number of legal entities as well as various asset sales and comprises the Consumer Health business across 44 countries, including more than 900 products and two Consumer Health-managed production sites in Spittal (Austria) and Goa (India).
The cross-border Freshfields team is being led by partners Jennifer Bethlehem, Jochen Dieselhorst and Lars Meyer, who are supported by employment and pensions partners Andrew Murphy and René Döring, partner Rod Carlton on antitrust, partner Christian Ruoff on tax and Michael Ramb and Marcel Kaufman from the regulatory practice group.
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About Freshfields Bruckhaus Deringer
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.
