South Africa's Bidvest bids R4 billion for 34.5% stake in Adcock Ingram
Bidvest and CIH have formed a Consortium and announced a cash offer to acquire up to 34.5% of the issued ordinary shares in the local drugmaker Adcock Ingram.
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South Africa's Naspers 9-month revenue up 28 percent
South African media group Naspers chair Ton Vosloo today announced a 28% increase in consolidated revenue to R28,8 bn for the six months ended 30 September.
Fitch Revises Steinhoff International's Outlook to Stable
Fitch Ratings has revised South Africa-based consumers goods group Steinhoff International Holdings Limited's (Steinhoff) Outlook to Stable from Negative.
GSK to sell part of its holding in Aspen Pharmacare Holdings
GSK today announces that it intends to sell up to approximately one-third of its 19% stake in Aspen Pharmacare Holdings Ltd (Aspen). The disposal will be through a placing of ordinary shares in Aspen to institutional investors.
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