Takeda to sell Japanese consumer health unit to Blackstone for $2.3 billion

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG7N0HB_L.jpg

The sale of Takeda Consumer Healthcare Company, which makes over-the-counter (OTC) drugs and health products, is expected to close by March 31, subject to regulatory closing conditions, the company said in a statement.

Takeda has been reducing its OTC assets worldwide as it seeks to refocus its business and reduce debt after its $59 billion acquisition of Shire.