Ascendis Health has announced that its R1.2 billion rights issue, which closed last week, has been more than three times oversubscribed. The company has also secured the required funding to conclude its recent R7.3 billion acquisitions of global pharma company, Remedica and European sports nutrition company, Scitec.
Mike and Chris Brown, and Tansy Banks – three of the operating directors of Pharmaceutical Enterprises – travelled to Illinois, USA, in June 2016 to report back on the performance of Blistex South Africa.
Crabtree & Evelyn first set up shop in South Africa in September 1996 with the launch of a flagship retail store at the V&A Waterfront in Cape Town. Since then the brand has opened eight retail stores in the country’s top malls: SandtonCity; Cavendish Square; MenlynPark; La Lucia; Hyde Park; Canal Walk and Design Quarter. The latter includes an exciting Tea Room concept.
IMCD, a global leader in the sales, marketing and distribution of speciality chemicals and food ingredients, announced on 30 June it will acquire the business of Chemicals and Solvents, which is based in Nairobi, Kenya, to expand its existing operations in Africa.
One of India’s largest global flexible packaging solution companies, Uflex Limited, has registered a 17 percent increase in consolidated net profit for the quarter ended 31 March 2016, as compared to the same period during the preceding fiscal.