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Cipla to buy control of South Africa's Cipla Medpro
JOHANNESBURG |
JOHANNESBURG (Reuters) - Indian drugs maker Cipla Limited (CIPL.NS) has offered to buy a about a 51 percent stake in South African drug maker Cipla Medpro (CMPJ.J), Cipla Medpro said in a statement on Wednesday.
The Indian firm has offered 8.55 rand per share, Cipla Medpro said. Shares of Cipla Medpro surged on the news.
(Reporting by Helen Nyambura-Mwaura; editing by David Dolan)
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