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BRIEF-Sawai Pharmaceutical to sell 20 pct stake in SAWAI AMERICA for $211 mln
November 13, 2017 / 6:15 AM / 7 days ago

BRIEF-Sawai Pharmaceutical to sell 20 pct stake in SAWAI AMERICA for $211 mln

Nov 13(Reuters) - Sawai Pharmaceutical Co Ltd

* Says it plans to sell 20 percent stake in a wholly owned U.S.-based unit SAWAI AMERICA INC to Sumitomo Corporation of Americas, a wholly owned unit of SUMITOMO CORPORATION, for $211 million (23.2 billion yen)

* Transaction will be completed as of the end of March 2018

Source text in Japanese:goo.gl/Q3ugSZ

Further company coverage: (Beijing Headline News)

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