Deals
Pakistan’s Largest Ever Pharma Deal in Advanced Talks
- Businessman Munis Abdulla is planning to plant, drug rights
- Pharmaceutical operations could be valued at 11 billion rupees
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Pakistan’s OBS Group is in advanced talks to sell one of its pharmaceutical operations to businessman Munis Abdulla, people with knowledge of the matter said.
A deal would include assets of its OBS Pakistan unit, including a Karachi manufacturing facility and a portfolio of drug rights, according to the people. Abdulla is planning to purchase the business through his privately-owned firm Luna Pakistan and has been discussing a valuation of about 11 billion rupees ($73 million), the people said, asking not to be identified because the information is private.