Private equity firm MBK Partners will acquire Japan's Alinamin Pharmaceutical for 2.9 trillion won (US$2.1 billion), industry sources said Wednesday. MBK Partners will buy the Japanese supplement maker from U.S. investment fund Blackstone in a stock purchase deal to be signed later in the day, according to the sources. Alinamin Pharmaceutical, originally named Takeda Consumer Healthcare, a subsidiary of Japan's Takeda Pharmaceutical Co., was acquired by Blackstone in 2021. It is well-known for over-the-counter medicines, including vitamins. MBK Partners' acquisition of Alinamin represents the Korean equity firm's strategy to strengthen its health care business. It has recently taken over South Korea's leading dental implant firm Osstem Implant and 3D dental scanner maker Medit Corp. Source: Yonhap News Agency
Myanmar Suspends Flights at Mandalay Airport Following Drone Strike
Mandalay: Myanmars second-busiest airport was closed for two days on Friday, security sources said, after the military-backed government accused pro-democracy rebels of attacking it with drones.
According to TRTworld.com, Mandalay