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Australia's Wesfarmers acquires 19% API shares to block Sigma's proposed offer

Australia's Wesfarmers acquires 19% API shares to block Sigma's proposed offer

Sydney Opera House, Sydney, Australia. Photo by Frans on Unsplash

Reuters

07 October, 2021

Australian retail conglomerate Wesfarmers Ltd said on Thursday it bought a 19.3% stake in Australian Pharmaceutical Industries Ltd (API), in an attempt to block Sigma Healthcare Ltd’s rival proposed offer.

Australia's Wesfarmers LtdAustralian Pharmaceutical Industries Ltd

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