Mauritius’ IBL to close drug firm Harley’s deal this month

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Dr Rupen Haria, the managing director of Harley’s. FILE PHOTO | NMG

Mauritian conglomerate IBL Group expects to complete its acquisition of a stake in Nairobi-based pharmaceuticals distributor Harley’s by the end of this month.

IBL first disclosed the deal at the beginning of the year, adding that it would partner with French sovereign wealth fund Proparco in the investment.

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