Picture: ISTOCK
Picture: ISTOCK

Aspen agreed to sell its infant formula unit to French dairy group Lactalis. The almost R13bn deal will be used to buy out its joint venture partners in New Zealand and China, as well as to reduce gearing.

The pharmaceutical company made the announcement when it released its annual results.  

CEO Stephen Saad spoke to Business Day TV about what the deal means for the group.

CEO Stephen Saad talks to Business Day TV about the group's annual results and its recent deal with the French dairy giant