Friday, December 01, 2006

RANBAXY ACQUIRES SOUTH AFRICAN FIRM

Ranbaxy Laboratories Limited (Ranbaxy), India’s largest pharmaceutical company, today announced the acquisition of Be-Tabs Pharmaceuticals (Pty) Limited (“Be-Tabs”), in South Africa, for a total consideration of USD 70 Million (500 Million ZAR). The transactions, subject to requisite approvals from South Africa’s Competition Council authority, are expected to be completed in the first quarter of the year 2007.

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