Schellenberg Wittmer advises Dr. Reddy's Laboratories Ltd., a global pharmaceutical company headquartered in Hyderabad (India) listed at BSE, NSE and NYSE, on the acquisition from Haleon plc of Northstar Switzerland SARL, a Swiss company holding Haleon's global business of consumer healthcare brands in the Nicotine Replacement Therapy (NRT) category outside of the United States, including Nicotinell, a global leader in the NRT category with an extensive footprint in over 30 markets spanning Europe, Asia including Japan, and Latin America. The total consideration amounts to £500 million, with an upfront cash payment of £458 million and performance-based contingent payments of up to £42 million.
Schellenberg Wittmer advised on all Swiss law aspects of the carve-out of the business and the acquisition of the Swiss target company. Herbert Smith Freehills acted as international lead counsel to Dr. Reddy's in this transaction.
The Schellenberg Wittmer team consisted of Lorenzo Olgiati, Daniele Simoniello and Ursina Goop (all Corporate/M&A), Christine Beusch, Michael Hess and Ruba Kassem (all employment) as well as Michael Nordin and Tabea Bäntli (Taxation).
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