ASPEN PHARMACARE HOLDINGS LIMITED - Aspen Holdings Acquires Stake In Infant Milk Formula Production Facility In New Zealand

Aspen Holdings Acquires Stake In Infant Milk Formula Production Facility In New Zealand

ASPEN PHARMACARE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa) (“Aspen Holdings”)
Registration number: 1985/0002935/06
Share code: APN
ISIN: ZAE000066692
and its subsidiaries (collectively “Aspen” or “the Group”)




ASPEN HOLDINGS ACQUIRES STAKE IN INFANT MILK FORMULA PRODUCTION FACILITY IN NEW
ZEALAND

Aspen Holdings is pleased to announce that it has concluded a transaction to acquire a 50%
shareholding in New Zealand New Milk Limited (“NZNM”), a producer of infant milk formula in
Auckland, New Zealand. In terms of a supply agreement concluded between Aspen Global
Incorporated and NZNM, long-term supply of infant milk formula for distribution by Aspen in
Australia will be secured. NZNM is one of a limited number of companies which holds the required
endorsements from the Chinese regulatory authorities to produce infant milk formula for this key
territory and the investment in NZNM represents another step towards Aspen’s aspirations to enter
the Chinese infant milk formula sector, valued at approximately US$15 billion.




Durban

31 October 2014

Sponsor:

Investec Bank Limited

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