Drugmaker Aspen Pharmacare says the sale of its nutritionals business – key to its plans to cut debt and win back the confidence of shareholders – has been approved by regulators in New Zealand.Aspen said in September 2018 it would sell its nutritionals business to Lactalis. It plans to use the R10.4bn in net proceeds to reduce borrowings.
“Aspen is pleased to confirm that it has, earlier this morning, received confirmation from Lactalis that the New Zealand Overseas Investment Office has granted approval to Lactalis for the acquisition of Aspen’s business in that country,” Aspen said on Friday. All conditions requiring third-party approvals had now been fulfilled and the parties aimed to close the deal at the end of May, Aspen said.
Vestact said in a note in April that Aspen “has too much debt and is relying on the sale of their infant nutritional business”.The risk that the deal might not get approved “has put an overhang on Aspen and that is why the share price has been volatile”, Vestact said at the time.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Aspen gets green light to sell baby formula business in New ZealandThe transaction is aimed at helping Africa's largest drug maker reduce its growing debt pile.
Источник: TheCitizen_News - 🏆 6. / 75 Прочитайте больше »
Aspen gets green light to sell baby formula business in New ZealandThe transaction is aimed at helping Africa's largest drug maker reduce its growing debt pile.
Источник: TheCitizen_News - 🏆 6. / 75 Прочитайте больше »
Business Maverick: China April industrial output up 5.4%, much less than expected, retail sales also falterGrowth in China's industrial output slowed more than expected to 5.4 percent in April from a 4-1/2 year high in March, reinforcing views Beijing will have to roll out more stimulus measures as a trade war with the United States intensifies.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
Apple faces rise in iPhone costs | IOL Business ReportApple could see the production costs for its iPhone rise given the impact that trade tensions between the US and China are having on input materials. busrep
Источник: IOL - 🏆 46. / 51 Прочитайте больше »
Business Maverick: Uber Shares Are Quickly Approaching ‘White Knuckle’ TerritoryWith Uber Technologies Inc.’s shares plunging nearly 20% below its IPO price on Monday, the stock might be fast approaching a “white knuckle” territory, according to one Wall Street analyst.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
Business Maverick: What to Watch as Nigeria’s Divisive Central Banker Gets New TermGodwin Emefiele looks set to get a second term as Nigeria’s central bank governor, which would make him the first person to do so in the 20 years since Africa’s biggest oil producer ended military rule.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
Business Maverick: Musk Gets Head Start on Bezos Launching SpaceX’s SatellitesElon Musk’s SpaceX has made a business out of launching satellites for commercial customers, NASA and the U.S. military. On Wednesday evening, the company will launch orbital objects of its own in a key step toward creating a space-based constellation that beams broadband to underserved areas across the globe.
Источник: dailymaverick - 🏆 3. / 84 Прочитайте больше »
South Africa's unemployment rate rises to 27.6% in first quarter | IOL Business ReportStatistics South Africa today said that the number of employed persons decreased by 237 000 to 16,3 million in the first three months of this year. busrep We all know what the cure for unemployment is. Let’s be bold and implement it. busrep Thank u myanc busrep Thats what most people voted for
Источник: IOL - 🏆 46. / 51 Прочитайте больше »