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.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.