Aspen concludes acquisition API business from MSD

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Oss, The Netherlands - JSE Limited listed Aspen Holdings, the ninth largest generic pharmaceutical company in the world, announced today that the Aspen Group ("Aspen") has finalized the acquisition of Active Pharmaceutical Ingredients (API) manufacturing operations and related businesses ("the API business") from MSD, known as Merck & Co., Inc. in the US and Canada.

Stephen Saad, Aspen Group Chief Executive, said "this deal strongly complements Aspen's strategic intent

Important announcement MSD/Aspen

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On Thursday June 27th, 2013 MSD announced it signed a key agreement that marks a milestone in the negotiation of a transaction to sell the Oss API operations to South-African pharma company Aspen. The deal is expected to be finalized in the late third quarter or early fourth quarter of 2013 following the successful completion of negotiation and execution of additional necessary agreements and regulatory agency due diligence reviews.

The existing third party supply business will not be impacted by this proposed sale. Both MSD and Aspen are committed to ensuring continuity of supply to valued customers in this segment.

For more information please read the attached press release.

Press Release