On May 6, 2015, Saudi Pharmaceutical Industries & Medical Appliances Corporation (SPIMACO) sold its 48.5 percent stake in the Irish company, Eirgen Pharma, to US-based firm Opko Health.
|Deal Value||Method of Finance||Type||Status|
|65.40 Million USD||Internal Resources||Stake||Completed|
|Expected date for Completion||05-05-2015|
|Saudi Pharmaceutical Indust.& Med. Appliances Corp||Owner|
In March 2012, Saudi Pharmaceutical Industries & Medical Appliances Corp. (SPIMACO) acquired the said stake in Eirgen Pharma for SAR 93 million.
The resale garnered capital gains of SAR 152.4 million for SPIMACO.