The French company CFAO Healthcare intends to acquire the entire Mozambican pharmaceutical company Medimport, which is dedicated to the import, export and distribution of medicines and pharmaceutical products, the Competition Regulatory Authority (ARC) announced today.
‘The concentration consists of CFAO Healthcare acquiring 100 per cent of the ordinary shares issued by Afager Holdings and will indirectly, through Afager, acquire 100 per cent of the shares in Medimport, which, after internal corporate restructuring, will be fully controlled by Afager,’ the Mozambican ARC said in a notice it published today.
The notice states that the French company supplies ‘cold chain logistics equipment to ensure that pharmaceutical products are kept in an ideal environment, from storage to pharmacy shelves’.
The firm does business with wholesalers and distributors in more than 27 sub-Saharan African countries and six French overseas territories, the notice said.
Afager is a Portuguese company controlled by Bial Holding and ‘is dedicated to the management of assets of other non-financial companies, consultancy, operational guidance in business and the provision of relational services’, says ARC.
Lusa
