Aspen Offloads Six In South Africa With Debt Still A Priority

South African Firm Continues To ‘Reshape And Refine Portfolio’

26 Oct 2021

South Africa’s Aspen Pharmacare is continuing along the path of offloading assets that no longer fit into its strategy, using the proceeds to pay off its substantial debt pile and reinvest in areas of greater strategic focus. Half-a-dozen products currently offered in its local market are now on their way to Switzerland’s Acino.

midtermplan — Aspen has been clear on its strategy to refine its portfolio • Source: Alamy

Aspen Pharmacare is continuing to deliver on its promise to streamline its portfolio while paying off debt, with the agreed sale of six products it currently offers in its native South Africa to Switzerland’s Acino for approximately ZAR1.8bn ($122m), plus inventory costs.

Products included in the transaction are Altosec (omeprazole) and Trustan (esomeprazole), the granisetron-containing Grantryl and Aspen