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Investegate |Beximco Pharmaceut Announcements | Beximco Pharmaceut: Proposed acquisition of stake in Sanofi Bangladesh


 
 
Beximco Pharmaceuticals Limited ( Beximco Pharma or the Company , or the Group ; AIM Symbol: BXP, LEI No.: 213800IMBBD6TIOQGB56), the fast-growing manufacturer of generic pharmaceutical products and active pharmaceutical ingredients, announces it has entered into a binding commitment with Sanofi group regarding the acquisition of a majority stake in Sanofi Bangladesh Limited ( Sanofi Bangladesh ) for a base-price consideration of circa £35.5 million, to be adjusted as set out below (the
Proposed
Transaction ). The
Proposed
Transaction is subject to approval by the Foreign Exchange Investment Department of Bangladesh Bank and completing the Share Purchase Agreement.
 
 
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Expands the Company s product offering and reinforces its strategy to diversify into new and expanding specialty therapy areas ....

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