Japan's Meiji acquires India drug maker, Temasek exits
Japanese conglomerate Meiji Holdings has acquired Medreich, an Indian pharmaceutical company backed by Singapore sovereign wealth fund Temasek Holdings, for $290 million via its subsidiary Meiji Seika Pharma.
According to a Tokyo Stock Exchange (TSE) disclosure, Meiji Seika will acquire all outstanding shares of Medreich held by its Indian promoters through Med Holdings and Nokha Holdings. Meiji will also buy...
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