UDG Healthcare announces sale of 50% stake in UniDrug

UDG Healthcare has announced the sale of its 50 per cent stake in UniDrug Distribution Group to its joint venture partner Alliance Boots.

18th August, 2014
UDG received a net after-tax profit from UniDrug of €5.6 million in the 2013 fiscal year

UDG Healthcare has announced the sale of its 50 per cent stake in UniDrug Distribution Group to its joint venture partner Alliance Boots for a cash consideration of €82 million.

UDG received a net after-tax profit from UniDrug of €5.6 million in 2013.

The carrying value of the UniDrug investment is €12 million and a gain on disposal of €70 million is estimated.

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