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1 Jan 2016

HARPS AGREES MANAGEMENT BUY OUT OF ITS INTERESTS IN BIO TECH FIRM

HARPS Holdings Ltd has agreed to a buy out of 565 of its 58% holdings in Minerals For Life Nigeria Ltd; producers of mineral infused and enhanced drinks. The management of the company led the buyout offer and it is expected that the management will consolidate on the world-class facilities owned by MFL to further enhance the companies brand and market share. HARPS with this sale have exited the Bio Tech industry and intends to focus in more of its core businesses.