022 24172311
Sections
Search
DealCurry
Equity
Venture Capital
Private Equity
M&A

Banner
DataBoard Demo
Mergers & Acquisitions | 22 November 2012

Cipla To Acquire Majority Stake In Cipla Medpro

by Charmi Gutka
Cipla To Acquire Majority Stake In Cipla Medpro
Share on Social Media Email Facebook Twitter Linkedin
 
@Charmi

Cipla Limited is in preliminary discussions and have made an indicative proposal of acquiring approximately a 51% stake in Cipla Medpro South Africa Limited for a total consideration of $220 Mn.

The acquisition will help Cipla to integrate the marketing arm in South Africa with its manufacturing, regulatory and research units.

Johannesburg listed Cipla Medpro is a distributor Cipla Ltd.’s products in South Africa and in some neighboring countries.

Cipla Limited currently does not hold any stake in Cipla Medpro. Medpro used to source 80% of its products from Cipla, and the companies agreed Medpro would use the brand name of Cipla for selling products in Africa.

IncuCapital Invests In Genetic Diagnostic Firm - Navigene

IncuCapital Invests In Genetic Diagnostic Firm - Navigene

VC firm IncuCapital invested an undisclosed amount in Navigene Genetic Science Private Limited.

Read More...

JMJ Group's Viiking Ventures Acquires Goa Kings for R90 Cr

JMJ Group's Viiking Ventures Acquires Goa Kings for R90 Cr

Viiking Ventures has acquired Goa Kings beer from Impala Distillery and Brewery for R90 Cr. The brand will be owned by Viiking Ventures while its production will still be done by Impala.

Read More...
Subscribe
Enter your Email address
to receive all the news