Subscribe & Follow

Advertise your job vacancies

Takeover Regulation Panel to probe Cipla Medpro

26 Sep 2012

Pharmaceutical group Cipla Medro (CMP) said on Friday, 21 September 2012, it had received notification from the Takeover Regulation Panel (TRP) that it intended to conduct an investigation into the affairs of the company relating to a potential affected transaction.

The complaint was lodged on behalf of certain shareholders‚ among whom includes the company's suspended CEO.

The details of the other shareholders have not yet been disclosed to the TRP.

"The company has confirmed to the TRP that it will cooperate in any way possible to ensure this matter is resolved as quickly as possible.

Source: I-Net Bridge

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