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ASPEN PHARMACARE HOLDINGS LIMITED - Completion of acquisition of Infant Nutritional businesses in Latin America from Nestle

Release Date: 28/10/2013 17:00
Code(s): APN     PDF:  
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Completion of acquisition of Infant Nutritional businesses in Latin America from Nestle

ASPEN PHARMACARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1985/0002935/06
Share code: APN
ISIN: ZAE000066692
("Aspen Holdings" or "the Company")


COMPLETION OF ACQUISITION OF INFANT NUTRITIONAL (“IN”)
BUSINESSES IN LATIN AMERICA FROM NESTLÉ

Further to the announcement released on 7 August 2013
wherein shareholders of Aspen Holdings were advised that
a number of the Aspen Group’s companies had concluded
agreements with Nestlé S.A. in respect of the acquisition
of certain license rights to intellectual property, net
assets (including an IN production facility located in
Vallejo, Mexico) and shares in the IN businesses,
previously owned by Pfizer and presently conducted by
Nestlé and Pfizer in Latin America, predominantly Mexico,
Venezuela,   Colombia,  Ecuador,  Chile,   Peru,   Central
America    and    the   Caribbean   (collectively,    “the
Transaction”), shareholders are advised that Aspen has
met all of its contractual and regulatory conditions
precedent and that the Transaction was successfully
closed on 28 October 2013.


Durban
28 October 2013

Sponsor
Investec Bank Limited

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