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Fosun to Pare 5% Stake in India's Gland Pharma for $172 Million.
In: Bloomberg.com, 2024-06-18, S. N.PAG
Online
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Zugriff:
Fosun Pharma Industrial Pte. plans to sell a 5% stake in Gland Pharma Ltd., an Indian drugmaker, for approximately $172 million through block trades. Fosun Pharma currently holds a 58% stake in Gland Pharma, which has a market value of $3.6 billion. The company will conduct additional block sales in the future to strengthen its balance sheet unless buyout firms make an offer. Gland Pharma specializes in injectable drugs and operates in multiple countries. Fosun Pharma acquired a majority stake in Gland Pharma in 2017. [Extracted from the article]
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Fosun to Pare 5% Stake in India's Gland Pharma for $172 Million.
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Autor/in / Beteiligte Person: | Antony, Anto ; Fioretti, Julia |
Zeitschrift: | Bloomberg.com, 2024-06-18, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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