Beximco Pharma takes majority stake in Nuvista Pharma
Source - SMW
Beximco Pharmaceuticals has acquired a majority stake in Nuvista Pharma Limited, a leading pharma company in Bangladesh specialising in hormones and steroid drugs.
Beximco Pharma said it had entered into share purchase agreements with six shareholders with an aggregate shareholding of 85.22% in Nuvista.
It said the total consideration for the acquisition had been agreed at a maximum of Taka2,100,000,000, which was subject to adjustment and fulfilment of conditions precedent by each individual vendor.
At 9:12am: (LON:BXP) Beximco Pharmaceuticals Ltd share price was 0p at 58.5p