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November 23, 2009
BEE deal the right medicine - Adcock
South Africa's second largest pharmaceutical company, Adcock Ingram, is to facilitate an effective acquisition of 13% of its issued share capital by black South African employees and broad-based black economic empowerment groupings.
Valued at R1.3-billion, the Kagiso Health Consortium and Kurisani Youth Development Trust will indirectly hold interests of 7.15% and 2.6% of Adcock's share capital, respectively.
Posted by StaffWriter at November 23, 2009 10:55 AM