BSEC plans to delist 8 more OTC cos under exit scheme
25 cos to be sent to alterative trading board, 15 others to SME platform
Mostafizur Rahman | Published: 22:49, Apr 03,2021
A file photo shows the front view of Bangladesh Securities and Exchange Commission building in the capital. The Bangladesh Securities and Exchange Commission has moved to delist eight more companies trading on the over-the-counter market after repaying general investors’ claims as per the commission’s exit plan directive. New Age photo
The Bangladesh Securities and Exchange Commission has moved to delist eight more companies trading on the over-the-counter market after repaying general investors’ claims as per the commission’s exit plan directive.
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Beximco to buy majority stake in Sanofi Bangladesh
The Tk 400cr transaction to be completed in 3-9 months
Beximco Pharmaceuticals is set to acquire 54.6 per cent stake in Sanofi Bangladesh for about Tk 400 crore, as it looks to expand its product base and diversify into new areas.
With this, the French pharmaceuticals giant will exit Bangladesh ending its presence in the country that spans more than six decades.
In a posting on the London Stock Exchange, the local pharmaceuticals maker said it entered into a binding commitment with Sanofi Group to acquire a majority stake in Sanofi Bangladesh.
The proposed transaction is subject to the approval of the Bangladesh Bank and completion of share purchase agreement.
সানোফি র সিংহভাগ শেয়ার নিচ্ছে বেক্সিমকো ফার্মা ekushey-tv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ekushey-tv.com Daily Mail and Mail on Sunday newspapers.
The textiles and jute ministry issued a circular to this effect on December 6.
In January 2014, the government had made it mandatory to source half of the jute bags and sacks for the packaging of paddy, rice, wheat and fertiliser from the jute mills run by the BJMC and the rest from private sources. But the government shut all of the 25 jute mills of the BJMC in July to get rid of continuous losses. The corporation used to supply half of the jute bags and sacks used by the food department and the Bangladesh Chemical Industries Corporation.
The latest decision came at a meeting at the textiles and jute ministry on December 2. Lokman Hossain Miah, textiles and jute secretary, presided over the meeting.