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The Guardian - UK

Business

Alex Lawson

AstraZeneca considers spinning off its China business

AstraZeneca Astra China United States Antony Blinken Stock Market Shanghai

AstraZeneca is valued at about £180bn. Photograph: Dado Ruvić/Reuters

AstraZeneca is considering spinning off its business in China and listing it in Hong Kong or Shanghai to shield the multinational drugmaker from geopolitical tensions.

Britain’s largest stock-market-listed company has drawn up the plans in attempt to protect its business from the fallout from increasing tensions between China and the US and its allies.

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