September 11, 2013 / 3:18 PM / 4 years ago

Adcock says talks with Pretoria over CFR bid have gone well

JOHANNESBURG (Reuters) - The chairman of South Africa’s Adcock Ingram (AIPJ.J) said on Wednesday discussions with South Africa’s government over a proposed 12.6 billion rand ($1.3 billion) takeover from Chile’s CFR CFR.SN have gone “extremely well”.

The South African government has in the past scuppered big cross-border deals, but Chairman Khotso Mokhele told a conference call talks with the government so far had gone well.

Reporting by David Dolan; editing by Ed Stoddard

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