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Piramal Profits As It Sheds DRG To Clarivate For $950m

Piramal to get stake in Clarivate

 
• By Vibha Ravi

An experienced hand at M&A, Ajay Piramal has done it again – this time selling Decision Resources Group to Clarivate Analytics for $950m. Apart from $900m in cash, Piramal Enterprises will get a stake in Clarivate while the latter expects the acquisition to be earnings-accretive in 2020.

Acquisition
M&A Action For 2020 Begins • Source: Shutterstock

Just over a decade after the sale of the Piramal group’s formulations business to Abbott Laboratories Inc., chairman Ajay Piramal has stitched up another profitable deal. Piramal Enterprises Ltd. (PEL) is selling its stake in fully owned Decision Resources Group (DRG), a healthcare research and consulting company, to Clarivate Analytics Plc for $950m.

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