Aspen to receive about £2m fine from UK competition authorities

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The company admitted liability in seeking to acquire a potential competitor for the supply of a corticosteroid

Competition and Markets Authority of the UK has confirmed its decision to impose a fine of about £2.1m on the group.

Aspen had said in August it had reached a settlement and admitted liability for entering into an agreement to acquire a potential competitor, which relates to the supply of fludrocortisone in the UK.Aspen said on Thursday this brought the matter to a close. In morning trade, the group’s share was down 1.5% to R146.98, on track for its worst one-day performance in about two weeks.

 

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