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Shanghai Fosun Pays $73 Million for African Drug Distributor

publication date: Oct 31, 2017

Shanghai Fosun Pharma will pay $73 million to acquire Tridem Pharma SA, a French drug distributor with operations in 21 French-speaking African countries. The company is said to be the third-largest drug distributor in its territories with 600 employees. Fosun positioned its latest acquisition as one that would expand its presence in Europe and Africa. Tridem is headquartered in Toulouse in southwestern France. More details....

Stock Symbol: (SHA: 600196; HK: 2196)

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