BRIEF-Ascendis Health Announces Proposed Disposal Of Biosciences Business

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BRIEF-Ascendis Health Announces Proposed Disposal Of Biosciences Business
Credit: © Reuters.

May 12 (Reuters) - Ascendis Health Ltd ASCJ.J :

* JSE: ASC - ANNOUNCEMENT RELATING TO THE PROPOSED DISPOSAL OF THE BIOSCIENCES BUSINESS

* ASCENDIS HEALTH LTD - FINAL PURCHASE CONSIDERATION SHALL BE AN AMOUNT EQUAL TO R85,000,000.00

* ASCENDIS HEALTH LTD - WILL USE NET PROCEEDS OF DISPOSAL TO REDUCE GROUP'S DEBT.

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