Investment firm Zrosk buys 10% stake in Lagos-based drugmaker MeCure

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MeCure said the off-market deal was finalised, following clearance from the NGX.

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Balance sheet size as of June was N52.9 billion, while market value at the start of trade on Friday stood at N33.6 billion. “One of our core convictions at Zrosk IM is that ownership on the African continent is shifting towards indigenous hands. We view the stock market as a theatre of such transition, and we see MeCure Industries as a potential dominant player in the pharmaceutical value chain on the continent,” Samson Esemuede, Zrosk’s managing director, said.

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