Glaxo-Smith-Kline buys Belguim
Tagged as: belgium, Sept 06
In the first merger of it’s kind, multinational giant Glaxo Smith Kline merged with Belgium this week. The new organisation will be called Smith-Kline-Belgium, which becomes the first global company to incorporate a nation state.
For some time, Glaxo Smith Kline had been buying up large parts of Brussels, Antwerp and Bruges, but the boldness of this step still took city analysts by surprise. On the streets of Brussels this morning there were some protests at the loss of notional independence, though most Belgian citizens were delighted to learn that they will receive 900 euros each under the terms of the takeover.
‘Belgium is exactly the right country for us’, said Andrew Witty. ‘We get a seat at the EC Council of Ministers, membership of NATO and an endless supply of delicious chocolates. Having a small army also gives us a certain amount leverage in the war against petty regulations and red tape.’
In a separate development Moldova took itself off the stock exchange yesterday when investors failed to meet the buying price.
Click to send this story to a friendPosted: Apr 29th, 2010 by NewsBiscuit
Click for more stories about: From The Archives
This entry was posted on Thursday, April 29th, 2010 at 4:35 pm and is filed un From The Archives der . You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site. -->
Hat tip: Benedict
1 comment:
Stop Press:
Andrew Witty has announced that Belgium will close as part of a £3bn cost saving programme.
"Belgium's core functions will be shifted to our sites in China and India," he said.
Post a Comment