Glaxo in £425m share sale

Drugs giant GlaxoSmithKline has raised around £425m from the sale of shares in South Africa’s Aspen Pharmacare.

Glaxo in £425m share sale
Wed, 20 Nov, 2013 - 14:11

Drugs giant GlaxoSmithKline has raised around £425m from the sale of shares in South Africa’s Aspen Pharmacare.

It will continue to own 12.4% of the company, which is Africa’s largest pharmaceutical manufacturer with 22 production sites and around 8,200 staff.

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CourtsBusinessPlace: South AfricaPlace: AfricaOrganisation: GlaxoOrganisation: GlaxosmithklineOrganisation: Aspen Pharmacare
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