Ascendis Health to acquire 49 pct in Farmalider S.A
Tuesday, August 04, 2015
Ascendis Health Ltd acquisition of initial 49 pct of Farmalider S.A a Spanish pharmaceutical group.
Acquisition provides Ascendis with an entry into attractive eur 23billion Spanish pharmaceutical market.
Initial acquisition effective date is 30 October 2014.
Consideration for acquisition is 100.2 million rand in cash on 31 July 2015; and further amount of 109.8 million rand payable on 31 January 2017.
reuters.com
