KKR set for $576m windfall from Gland Pharma exit
KKR will exit India-based Gland Pharma as Shanghai Fosun Pharmaceutical acquires a majority stake in the business for up to $1.26 billion. KKR’s share of the proceeds will be $576.3 million, more than twice what it invested in Gland in 2014.
Fosun Pharma and Fosun International - which disclosed in May that they had entered the bidding for Gland - said in a filing that a unit of Fosun Pharma would pay up to $1.26 billion for a 79.99% interest...
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