Minapharm Pharmaceuticals closes $5.3mln acquisition deal

The company has acquired 4,871 shares


Cairo: Minapharm Pharmaceuticals has announced the closure of an EGP 95.52 million deal to buy a 15.76% stake in its subsidiary, Minapharm Probiogen from Triquetra B.V.

The Egypt-listed company has acquired 4,871 of Minapharm Probiogen’s shares, according to a bourse statement.

Following the deal, Minapharm Pharmaceuticals’ stake in the subsidiary will be increased to 75.01% from 59.25%.

Source: Mubasher

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