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South Africa's Aspen plans to buy infant nutritional business from Nestle
April 18, 2013 / 6:30 AM / 5 years ago

South Africa's Aspen plans to buy infant nutritional business from Nestle

JOHANNESBURG (Reuters) - South Africa’s Aspen Pharmacare (APNJ.J) has plans to buy Nestle South Africa’s infant nutritional business for $215 million, the company said on Thursday.

A Nestle logo is printed by a 3D printer during a display for the inauguration of the system technology centre for the design, development and deployment of their products in Orbe March 25, 2013. REUTERS/Denis Balibouse

The deal gives it certain rights to intellectual property licenses, net assets and shares currently conducted by Pfizer.

(Reporting by Sherilee Lakmidas)

The story corrects value of acquisition

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