AUGUSTASIA BUSINESS OUTLOOK9NEWSROOMCARLSBERG TO ACQUIRE SOUTH ASIAN BUSINESS IN USD744 MILLION AGREEMENTDKSH Business Unit Healthcare, a key player in market expansion services for pharmaceutical, over-the-counter (OTC), consumer health and medical device companies, collaborates with Kyowa Kirin Co., Ltd, a global specialty pharmaceutical company from Japan, to support Kyowa Kirin's business transformation in Asia-Pacific.The partnership includes a deal for commercial rights of Kyowa Kirin's medicines in South Korea, Taiwan, Singapore, Thailand, Malaysia, Hong Kong & Macau SAR, and global products Crysvita® in Singapore, Thailand, Malaysia, Hong Kong & Macau SAR and Poteligeo® in Singapore.DKSH has been selected by Kyowa Kirin as its strategic partner to implement a full agency alliance business model that provides a complete range of integrated solutions to support sustainable growth for client partners, prioritizing healthcare access to patients. DKSH's extensive knowledge in nephrology, strong distribution channels, and solid commercial skills make this partnership a significant advancement in enhancing patient care and access in the region."We are very confident about this new journey with DKSH", stated Abdul Mullick, Ph.D., Chief International Business Officer (CIBO), Kyowa Kirin. "Given DKSH's proven healthcare expertise and commercial strength across Southeast Asia and North Asia, we are convinced we have chosen the right business partner to continue serving our patients, taking care of our employees and making people smile". Danish brewing giant Carlsberg has announced a strategic move to solidify its position in the South Asian market by acquiring the remaining 33.33 per cent stake in Carlsberg South Asia Pte. Ltd. (CSAPL) from its partner, CSAPL (Singapore) Holdings Pte. Ltd. The deal, valued at $744 million, is set to give Carlsberg full ownership of its operations in India and near-complete control of its business in Nepal, marking a significant milestone for the company's expansion in the region.CSAPL serves as the holding company for Carlsberg's businesses in India, where it owns 100 per cent of operations, and in Nepal, where it holds a 90 per cent stake through its shareholding in Gorkha Brewery Private Limited (GBPL). The remaining 33.33 per cent stake in CSAPL, which has been under the control of Singapore-based investor C P Khetan, has been a point of contention due to ongoing disputes. In addition to the acquisition of the remaining stake in CSAPL, Carlsberg has agreed to purchase an additional 9.94 per cent of shares in Gorkha Brewery, bringing its total ownership in the Nepalese brewery to 99.94 per cent.. This move further underscores The total purchase price of $744 million includes a retention of $207 million by Carlsberg, which will be released depending on potential claims under the sale and purchase agreement (SPA). This financial structuring allows Carlsberg to mitigate risks while ensuring a smooth transition to full ownership. DKSH & KYOWA KIRIN PARTNER TO TRANSFORM BUSINESS IN APAC REGIONAUGUSTASIA BUSINESS OUTLOOK9
< Page 8 | Page 10 >