Natco Pharma expands Africa presence with Adcock Ingram acquisition

India's Natco Pharma will acquire significant stakes in 135-year-old South African pharmaceutical giant Adcock Ingram. The R 4.2-billion deal will see Adcock Ingram becoming a privately-held entity co-owned by Natco and Bidvest, which will remain the majority shareholder in the group. A meeting of shareholders of Adcock Ingram approved Natco's proposal to acquire all the ordinary shares in the company.Also read Natco made a firm offer in July this year, the company announced in a statement on the Johannesbu ...