GlaxoSmithKline (GSK) have sold drinks brands Lucozade and Ribena for £1.35 billion to Japanese firm Suntory.

GSK have chosen to sell-off the well-known brands after deciding to focus on its main pharmaceuticals business.

Sales of the two drinks brands were around £500 million in 2012, while being well-known in the UK, both brands are less recognised abroad in emerging economies.

Suntory are looking to expand globally and have an already established presence in Europe with their ownership of Orangina Schweppes which they brought for £2.2 billion four years ago.

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