March 20, 2018 / 7:47 PM / 5 months ago

BRIEF-AFT Pharmaceuticals ‍Divests Non-Core Hospital Products Currently Sold In New Zealand​

March 21 (Reuters) - Aft Pharmaceuticals Ltd:

* ‍ AFT TO DIVEST TO BAXTER A RANGE OF THEIR NON-CORE HOSPITAL PRODUCTS CURRENTLY SOLD IN NEW ZEALAND​

* ‍DIVESTMENTS ONCE COMPLETED ARE EXPECTED TO GENERATE AROUND NZ$5 MILLION OF CASH​

* ‍A SIMILAR AGREEMENT FOR AUSTRALIA IS EXPECTED TO BE CONCLUDED IN NEXT FEW WEEKS​

* ‍DIVESTMENTS WILL MAKE A POSITIVE CONTRIBUTION OF SEVERAL MILLION DOLLARS TO EBITDA, PRIMARILY IN FY2019​ Source text for Eikon: Further company coverage:

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