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International: Buyer announced for Nestle’s divested infant-nutrition licenses

 |  April 18, 2013

Just days after it was announced that Nestle SA would agree to find a buyer for its licenses of infant formula as part of a deal to acquire Pfizer Inc., Aspen Pharmacare Holdings Ltd., based in South Africa, has struck a deal to buy the licenses that will allow the company to sell infant formula in Australia, South Africa and Namibia. Antitrust regulators in Australia have reportedly approved of the deal, while those in South Africa and Namibia are pending approval, according to Aspen. Aspen is the largest generic medicine producer in the Southern Hemisphere, supplying medicine to more than 150 countries. The move is part of a larger effort to expand businesses within Australia, Latin America and sub-Sahara Africa.

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