Fresenius Kabi AG agreed to acquire 51% stake in PT Ethica Industri Farmasi from PT Soho Global Healthcare on August 19, 2013. For the year ended 2012, PT Ethica Industri Farmasi posted turnover of 40 million. The deal is subject to approval from the supervisory Board of PT Soho Global and is completed by the third quarter of this year.
Barclays PLC (LSE:BARC) acted as financial advisor for PT Soho Global Healthcare.