Ascendis inks R770m deal to sell its animal-health division
Debt-ravaged group is selling off parts of its operations to avoid business rescue
Debt-ravaged health group Ascendis says it has reached a deal to sell its animal health division valued at R770m, another step by a group that is fighting to stave off business rescue.
Ascendis shareholders will need to approve the sale, which is expected. It comes at time the group is completing a restructuring programme that will see it become a solely local player...