Duke Street to acquire generic drugs unit from FTSE-100 DCC

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Duke Street to acquire generic drugs unit from FTSE-100 DCC
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The former owner of Wagamama has struck a deal to buy the generic drugs arm of FTSE-100 company DCC, Sky News learns.

The deal comes at an intriguing time given the pharmaceuticals industry's lingering anxieties about the prospect of a no-deal Brexit.

Duke Street's purchase of the business from DCC‎ would mark the latest in a series of so-called 'corporate carve-out' transactions engineered by the investment firm. Duke Street's current fund has backed businesses including Great Rail Journeys, the provider of escorted train-based holidays.

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