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Divestment of South African Business Unit to Litha
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”)
DIVESTMENT OF SOUTH AFRICAN BUSINESS UNIT TO LITHA
Aspen is pleased to announce that Pharmacare Limited (“Pharmacare”), a wholly owned subsidiary of
Aspen Holdings and the Group’s primary South African trading company, has concluded a set of
agreements with Litha Pharma (Pty) Ltd ("Litha") (a wholly owned South African subsidiary of Endo
International Plc) in terms which Pharmacare will divest a business unit which forms part of its
pharmaceutical division to Litha for a consideration of approximately R1.6 billion (“the Transaction”).
The business unit concerned has a product portfolio comprising injectables and established brands. This
portfolio recorded revenue of R362 million and a direct contribution to profit before tax of R136 million for
the year ended 30 June 2014.
The Transaction forms part of Aspen’s communicated strategic intent to focus attention in areas where
most value can be added and to lessen complexity.
The Transaction is conditional upon, inter alia, the approval of the South African Competition Authorities.
Durban
11 May 2015
Sponsor:
Investec Bank Limited
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