Fosun Pharma to buy France's Tridem

Updated 2017-11-01 10:32:58 Global Times/Agencies

Shanghai Fosun Pharmaceutical (Group) Co said it would buy French drug distributor Tridem Pharma for 63 million euros ( million), in a move to expand its market share in Europe and Africa.

Fosun said in a statement that it will buy shares in Tridem from major shareholders including Financière des Lices, Multicroissance, and a French fund FCPR PMC II. Tridem has a sales network covering 21 French-speaking African regions.

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