ASPEN PHARMACARE HOLDINGS LIMITED - Aspen Holdings Acquires Stake In Infant Milk Formula Production Facility In New Zealand
APN 201410310021A
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
Date: 31/10/2014 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
