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CSL Pays $102 Million to Acquire Remaining 20% of China's RuiDe Bio

publication date: Jun 22, 2018

CSL Limited of Australia will pay $102 million to buy the remaining 20% in a China plasma company, Wuhan Zhong Yuan Rui De Biological Products (RuiDe). One year ago, CSL acquired an 80% RuiDe stake from China's Humanwell Healthcare Group for $352 million. The companies had a previous relationship: CSL had been supplying RuiDe with albumin for China. With the purchase, CSL became a full-fledged participant in China's plasma collection and products market. More details....

Stock Symbols: (ASX: CSL; USOTC: CSLLY) (SHA: 600079)

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