Fagron rises after two acquisitions in Americas region

Fagron NV

07/01/2025 09:13

** Shares in Fagron  FAGRO.BR  rise as much as 3.9% after the
Belgian pharmaceuticals producer acquires two companies for a
combined enterprise value of EUR 30 mln ($31.3 mln)
** Fagron says it has signed agreements to buy U.S.-based
CareFirst, specialised in health and fitness, and Brazilian
plastic packaging producer Injeplast
** KBC Securites says the move slots into a "sweet spot of
Fagron's buy-and-build strategy" and strengthens its key
franchises
** At 0905 GMT, the stock is up 3.5%, outperforming Belgium's
blue-chip BEL 20 index  .BFX  which rises 0.7%

($1 = 0.9585 euros)

 (Reporting by Jakob Van Calster)
 ((Jakob.vancalster@thomsonreuters.com))