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Beximco Pharma to take majority stake in Nuvista

06 October 2017 07:05

Beximco Pharma has signed a non-binding memorandum of understanding to acquire an 85.22% stake in Nuvista Pharma in Bangladesh.

Beximco Pharma said the proposed acquisition was likely to be a substantial transaction under the AIM Rules and remained subject to due diligence and negotiation and completion of a definitive sale and purchase agreement.

It anticipated that the proposed acquisition would complete by the end of December.

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