Recipharm acquires remaining shares in Nitin Lifesciences Ltd
Recipharm AB (publ) today announces that it has reached an agreement to acquire the remaining 26 per cent of the shares of Nitin Lifesciences Limited which were owned by members of the founding Sobti family. The consideration is INR 2,800 million (SEK 351 million1) on a cash and debt free basis whereof INR 600 million (SEK 75 million1) will be paid in newly issued Recipharm shares (RECI-B). The acquisition will be completed in two steps; the cash part today and the part paid in Recipharm shares later during the first half of 2018. Thomas Eldered, CEO of Recipharm said “I have been