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Cipla Ltd signs definitive agreement to acquire 51 pct. stake in pharmaceuticals manufacturing and distribution business in Yemen


Sunday, 29 Jun 2014 11:35pm EDT 

Cipla Ltd:Signs definitive agreement to acquire 51 pct. stake in a pharmaceuticals manufacturing and distribution business in Yemen (in turn owned by a UAE based parent company).Says it will pay $21 mln for this transaction, with additional considerations to be paid over next three years on achievement of agreed milestones.Closing of transaction is subject to completion of certain conditions precedent. 

Company Quote

643.4
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28 May 2015