GSK expands into Africa with 16% stake in Aspen
UK drug major GlaxoSmithKline will buy a 16% stake in Aspen Pharmacare Holdings, while also giving the firm, South Africa's largest pharmaceutical company, the right to distribute certain GSK products in its home market.
The deal, which analysts at Credit Suisse value at GBP268.0 million ($365.3 million), continues GSK's strategy of diversifying into emerging markets, as well as generics.
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