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Consumer healthcare giant Haleon says Pfizer to cut stake to 24%

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Consumer healthcare giant Haleon says Pfizer to cut stake to 24%
© Reuters. FILE PHOTO: The company logo for Haleon and the trading info is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 20, 2022. REUTERS/Brendan McDermid/File Photo

(Reuters) – Consumer healthcare giant Haleon said on Monday that Pfizer (NYSE:) will sell about 630 million of its shares in the company, reducing the US drugmaker’s stake to about 24%.