AUSTRALIA > India based Strides Shasun’s subsidiary Arrow Pharmaceuticals has acquired US based Amneal Pharmaceuticals Australian operations for AUD 17 million ($13.3 million)

strides shasun logo To expand its presence in the generics market in Australia, Strides Shasun’s Australian subsidiary Arrow Pharmaceuticals has acquired the Australian operation of the US- based Amneal Pharmaceuticals for AUD 17 million ($13.3 million). According to Dennis Bastas, Chairman of Arrow Pharmaceutical, bringing Amneal’s customer base into Arrows network of pharmacies will be very beneficial for Arrow’s growth. Amneal was founded More …

AUSTRALIA > Hong Kong’s Vistra Expands to Australia with the Acquisition of Foster Raffan’s Unit

vistra Vistra, a Hong Kong based service providers of international incorporations, trust, fiduciary, private office, and fund administration services, has announced the acquisition of the Compliance division of Foster Raffan, a chartered accounting firm based in Sydney, Australia. The Foster Raffan’s team of 17 staff will all join Vistra. According to Vistra, with this acquisition it can now support firms in wider More …

AUSTRALIA > Woolworths acquires 100% of Australian menswear Politix

woolworths According to its press release, Woolworths (publicly listed in Johannesburg as “WHL”) wholly owned subsidiary, Country Road Group, had entered into an agreement to acquire Politix, a market-leading retailer in Australian menswear design. The amount offered to Politix is not disclosed. Management at WHL puts this acquisition as “consistent with WHL’s southern hemisphere strategy of building a strong and diversified More …