New Zealand authorities have indicated that the disposal to French dairy company Lactalis International could be approved this month, said the people, who asked not to be identified because negotiations are private. As part of finalising the deal, the division will then be restocked, the people said.
The €740m ($830m) transaction is central to helping Aspen slash a growing debt pile that's been worrying investors. Africa's largest drugmaker said last month that closure on the deal had been pushed out to the end of May from the end of December, triggering the stock's biggest one-day slump in almost 21 years.