September 30, 2024 09:27 GMT
CONSUMER STAPLES: Haleon (HLNLN; Baa1 Pos/BBB+) completes NRT business sale
CONSUMER STAPLES
Headlines are old news; the sale of the Nicotine Replacement Therapy operations outside the US for £500m was announced in June, proceeds will go (at least in part) to reducing leverage.
As we said on Friday we have no issue with the non-cyclical co. It is targeting deleveraging and has ample firepower from operating cash flows to do so.
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