• Busting Uber myths

    The ehailing firm is constantly trying, succeeding - and sometimes failing, says Ian Mann.

  • Trapped in a democracy

    The very people elected to bring benefits to all are undermining SA, says Solly Moeng.

  • Marikana spectre

    Five years after the bloody massacre calls for justice are growing louder, says Terry Bell.

Loading...

Adcock concludes India acquisition

Jan 18 2013 13:05

Shutterstock

Company Data

ADCOCK INGRAM HOLDINGS LIMITED [JSE:AIP]

Last traded 64
Change 0
% Change 0
Cumulative volume 31517
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Adcock buys Indian medicine business

Govt awards R6bn HIV drugs contract

Drug firms win R2.5bn tender

Loss of high margin drugs hits Adcock

Adcock eyes higher earnings

Adcock profits slump on drug loss

 
Johannesburg - Adcock Ingram Holdings [JSE:AIP] has announced the completion of the acquisition of Cosme Farma Laboratories Limited, a pharmaceutical company based in Goa, India for R745m.

“We are pleased to have concluded the purchase of the business and we look forward to developing a solid business in India, as a part of our international revenue streams,” said Adcock Ingram deputy chief executive Andy Hall. 

The company made the move to buy Comse in late 2012 as a part of Adcock Ingram’s growth strategy in new territories and emerging markets.

The company fulfilled all the conditions that were set out in the deal.

Adcock Ingram will now assimilate over 1 000 former Cosme employees, and will look to build a growth base in India.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're Talking About...

Savings Month

It's never too late to start saving. Visit our special issue and add your voice.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The proposal to nationalise SARB will

Previous results · Suggest a vote

Loading...