Union invests in Aspen

Published: 2-Mar-2002


The investment arm of South Africa's Chemical, Energy, Paper, Printing, Wood and Allied Workers Union has announced that it is to acquire a 7.24% stake in Aspen Pharmacare, the country's largest pharmaceutical group, for Rand 150m (€14.95m). Aspen ceo Stephen Saad said that the investment would in-crease the reach of his group, while the union would actively seek other alliances to enhance the business.

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