Lupin confirms sale of Japan business to Unison
Indian pharma company Lupin (BSE: 500257) has confirmed that it has entered into a definitive agreement for the sale of its entire stake in its Japanese subsidiary Kyowa Pharmaceutical Industry to Unison Capital Partners, a leading private equity fund in Japan with a strong track record of success in the healthcare sector.
Lupin’s board of directors approved this transaction, which will be subject to customary closing conditions including approval by Lupin’s shareholders.
$526 million enterprise value
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