Shanghai Pharmaceutical is expected to soon announce it is buying a large stake in German drug distributor Celesio AG, according to press reports. Shanghai Pharma will purchase the stake from Franz Haniel & Cie GmbH, an investment company with financial problems that has been shopping the shares for a year. Although the price of the transaction was not leaked, it was noted that Haniel owns a 54.6% stake in Celesio. More details....

Stock Symbol: (SHA: 601607)