News Formal

AstraZeneca ‘mulling split from Chinese business amid rising tensions’

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 71%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Drugs giant hopes to be better protected against political reprisals from Beijing against foreign companies

AstraZeneca is looking at plans to spin off its Chinese businesses to protect it from geopolitical tension, according to a report.

Citing people familiar with the situation, the Financial Times said the British-Swedish drugs giant has been in talks with bankers for several months.The plan would separate Astra’s Chinese operations into a separate company whose shares would be ...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AstraZeneca drafts plan to spin off China business amid tensionsAnglo-Swedish drugmaker views listing a separate unit in Hong Kong as potential shelter from global strife via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »