Abu Dhabi Wealth Fund ADQ Said to Pursue Bausch’s Egypt Unit

SectorFinancial Markets
CountryUnited Arab Emirates

Abu Dhabi sovereign wealth fund ADQ is exploring a potential acquisition of Bausch Health Cos.’s Egyptian drug unit, people with knowledge of the matter said.ADQ has been evaluating the Bausch business, known as Amoun Pharmaceutical Co., as it seeks to expand its portfolio of health-care investments, according to the people. Amoun could fetch at least $700 million in a sale, the people said, asking not to be identified because the information is private. ...read more...