Fosun Pharma says will buy Israel's Alma Lasers Ltd for $240 million
HONG KONG (Reuters) - Shanghai Fosun Pharma (Group) Ltd (600196.SS) said on Sunday it would spend up to $240 million to acquire up to 96.6 percent of Israel-based Alma Lasers Ltd (ALMA.O), a manufacturer of lasers used in cosmetic surgery.
It is the first major buyout deal by Fosun Pharma since it listed on the Hong Kong Stock Exchange last October.
Fosun Pharma, a subsidiary of China's Fosun International Limited (0656.HK), said it would make the investment together with Pramerica-Fosun China Opportunity Fund, a US-dollar denominated investment fund owned by Fosun Group.
(Reporting by Lawrence White)
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.