July 28 (Reuters) - ALS Ltd (ALQ) :
- ALS ACQUIRES STAKE IN EUROPEAN PHARMACEUTICAL BUSINESS
- ACQUISITION OF 49% STAKE IN EUROPEAN PHARMACEUTICAL BUSINESS
- WILL INITIALLY ACQUIRE 49% OF EQUITY IN NUVISAN FOR CONSIDERATION OF ABOUT EUR145 MILLION
- TRANSACTION IS SUBJECT TO FOREIGN CONTROL APPROVAL FROM LOCAL AUTHORITIES AND IS EXPECTED TO SETTLE WITHIN 6 WEEKS
- EXCLUSIVE 'CALL' OPTION TO BUY REMAINING EQUITY IN NUVISAN FROM JAN 1, 2024 TO SEPT 30, 2026
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