Known as Surgipharm, the company distributes pharmaceutical, medical, surgical and allied supplies in Kenya and has an annual turnover about R940m.
The JSE-listed group said the transaction would enable it to be a significant route-to-market partner of multi-national companies in the consumer goods and pharmaceutical sectors in southern, east and west Africa.
The market responded favourably to the proposed deal, which will be settled in cash.
The share price was up 3.13% to R184.78 in early afternoon trade on the JSE, though a stronger rand added to buoyancy in the share price.
Imperial also imports vehicles that are distributed via its network of car dealerships.
Source: BDpro
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
