5 5 mill ion ). ▁ ▁G SK – Nov art is ▁consumer ▁health care ▁buy - out ▁In ▁March ▁ 2 0 1 8 , ▁G SK ▁announced ▁that ▁it ▁has ▁reached ▁an ▁agreement ▁with ▁Nov art is ▁to ▁ac quire ▁Nov art is ' s ▁ 3 6 . 5 % ▁st ake ▁in ▁their ▁Cons umer ▁Health care ▁J oint ▁Vent ure ▁for ▁US $ 1 3 b ill ion ▁( £ 9 . 2 b ill ion ). ▁ ▁G SK – P f izer ▁joint ▁vent ure ▁In ▁December ▁ 2 0 1 8 , ▁G SK ▁announced ▁that ▁it , ▁along ▁with ▁Pf izer , ▁had ▁reached ▁an ▁agreement ▁to ▁merge ▁and ▁combine ▁their ▁consumer ▁health care ▁divisions ▁into ▁a ▁single ▁entity . ▁The ▁combined ▁entity ▁would ▁have ▁sales ▁of ▁around ▁£ 9 . 8 b ill ion ▁($ 1 2 . 7 b ill ion ), ▁with ▁G SK ▁maintain ing ▁a ▁ 6 8 % ▁cont rolling ▁st ake ▁in ▁the ▁joint ▁vent ure . ▁Pf izer ▁would ▁own ▁the ▁remaining ▁ 3 2 % ▁share hold ing . ▁The ▁deal ▁builds ▁on ▁an ▁earlier ▁ 2 0 1 8 ▁deal ▁where ▁G SK ▁bought ▁out ▁Nov art is ' ▁st ake ▁in ▁the ▁G SK - Nov art is ▁consumer ▁health care ▁joint ▁business . ▁ ▁Sub sequ ent ▁split ▁The ▁cul min ation ▁of ▁the ▁Cons umer ▁Health care ▁string ▁of ▁de als ▁will ▁result ▁in ▁G SK ▁splitting ▁into ▁two ▁separate ▁companies