Multinational pharmaceutical giant Aspen Pharmacare is prepared to further streamline its global operations. While the company has not officially hoisted a “for sale” sign, leadership has indicated it remains open to further Aspen Pharmacare asset disposals if the price is right. This strategic openness follows the landmark sale of its Asia-Pacific (APAC) division. The R26.5 billion transaction serves as a…
Tag: Mergers and Acquisitions
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Mediclinic Restructuring Deal: Remgro and MSC to Split Assets
Investment powerhouse Remgro and Investment Holding Limited (IHL), a subsidiary of MSC Mediterranean Shipping Company, have announced plans to restructure their joint interests in Mediclinic Holdings. The two major shareholders issued a cautionary announcement detailing an in-principle, non-binding agreement to divide key geographic assets between them. Under the proposed Mediclinic restructuring deal, Remgro will acquire 100% ownership of Mediclinic Southern…
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Life Healthcare Declares 235c Dividend for Investors
Private hospital group Life Healthcare has delighted investors by declaring a special cash dividend of 235c per share. This move follows the finalised disposal of the group’s entire interest in its Life Molecular Imaging (LMI) business to Lantheus Radiopharmaceuticals UK. The JSE-listed group confirmed the landmark R13.9bn deal. They committed to returning the proceeds directly to shareholders. Management anticipated closing…