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Chief Economics Correspondent, bdnews24.com Published: 21 Jan 2021 08:47 PM BdST Updated: 21 Jan 2021 08:56 PM BdST Beximco Pharmaceuticals has struck an agreement to acquire a 54.6 percent majority stake in French pharmaceutical giant Sanofi’s Bangladesh unit at a base price of £35.5 million. ); } The country’s leading manufacturer and exporter of medicines announced the development in a media statement on Thursday evening. Sanofi Group currently holds 54.6 percent shares in the paid-up capital of Sanofi Bangladesh. Of the remaining shares, around 25.36 percent are held by the Ministry of Industries while Bangladesh Chemical Industries Corporations owns nearly 19.96 percent, it read. The proposed acquisition is subject to the government’s clearance and completion of a definitive Sale and Purchase Agreement. It is anticipated that the acquisition would be completed within the next three to nine months, the statement added. ....
Beximco Pharmaceuticals (AIM:BXP) | RNS | Beximco Pharmaceut - Proposed acquisition of stake in Sanofi Bangladesh proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Beximco Pharma to acquire majority stake in Sanofi Bangladesh Star Business Report Star Business Report Beximco Pharmaceuticals Ltd, one of the leading drug makers, today said it is going to acquire 54.6 percent stake of Sanofi Bangladesh in its bid to further strengthen its position in the drug market. It has not disclosed the amount of proposed transaction but said it has signed an agreement to acquire the majority shares of Sanofi Bangladesh, Beximco said in a press release. Sanofi Group currently holds 54.6 percent shares in the paid-up capital of Sanofi Bangladesh. Industries ministry holds nearly 25.36 percent and Bangladesh Chemical Industries Corporations holds around 19.96 percent shares of Sanofi Bangladesh. ....