Mozambique: "Foreign investment at a standstill"
Mozambique: CFAO Healthcare wants to acquire Mozambican pharma company Medimport – ARC
2:27 CAT | 10 Sep 2024
FILE - For illustration purposes only. [File photo: @CFAOGroup/X]
France-based CFAO Healthcare intends to acquire the entire share capital of Mozambican pharmaceutical company Medimport, which is dedicated to the import, export and distribution of medicines and pharmaceutical products, the Competition Regulatory Authority (ARC) announced this Tuesday.
“The merger operation consists of the acquisition by CFAO Healthcare of 100% of the ordinary shares issued by Afager Holdings and will, indirectly, through Afager, acquire 100% of the shares of Medimport, which, after the internal corporate restructuring, will be fully controlled by Afager”, says the ARC of Mozambique, in a statement issued today.
The ARC note states that the CFAO Healthcare supplies “cold chain logistics equipment to ensure that pharmaceutical products are kept in an optimal environment, from warehouses to pharmacy shelves”.
The firm conducts business operations with wholesalers and distributors in more than 27 countries in sub-Saharan Africa and in six French overseas territories, the ARC states.
Afager is a Portuguese company controlled by Bial Holding and “dedicates itself to asset management of other non-financial companies, to consultancy, operational guidance in business and provision of related services”, says ARC.
A look back at PharmagoraPlus 2024 where our division CFAO Healthcare exhibited and welcomed with its subsidiaries more than 500 customers and suppliers at a beautiful 220 m² stand. https://t.co/0I1xh1cXum pic.twitter.com/mi5k4yug8k
— CFAO Group (@CFAOGroup) April 2, 2024
Source: Lusa
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