Century Global, a wholly-owned subsidiary of Shanghai Pharmaceutical Group Co., Ltd., signed a share purchase agreement with Kantler Cayman, a wholly-owned subsidiary of U.S. pharmaceutical distribution giant, to acquire a 100% stake in Kantler Malaysia, which indirectly owns its establishment in Hong Kong and the Mainland of China. All business entities.
The final purchase price of the transaction is expected to be approximately $557 million.
It is understood that Kantler is one of the three giants in the US pharmaceutical distribution industry. Kantler's distribution business in China ranks eighth in the country, and its distributor network covers 322 cities. It has obvious advantages in the fields of import product agents, international supply chain management, and professional pharmacies.
"It is estimated that there will be 160 products imported from China by multinational pharmaceutical companies this year and next year, which is unimaginable speed in the past few years." Shanghai Medical Secretary Liu Dawei said in an interview that the transaction evaluation is not only based on the historical financial performance of the target, but also It lies in the degree of market scarcity, future development prospects, and synergy.
"Not only drugs, Shanghai Pharmaceuticals will actively adapt to the medical reform requirements of the country, adapt to the medical needs of the people, speed up the layout, including medical equipment, health and other fields, and become a comprehensive pharmaceutical industry group with international competitiveness." Liu Dawei said. (Xinhua News Agency)
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