January 27, 2025
Marubeni to invest in the Sub-Saharan Africa healthcare market as a strategic partner of Phillips Healthcare Corporation, a leading healthcare distributor in Africa.
Phillips Healthcare Corporation (hereinafter, “Phillips Pharma Group”) is pleased to announce that it has entered into an agreement for a strategic growth capital investment by Marubeni Corporation (hereinafter, “Marubeni”).
The investment, which is subject to competition authority approvals, will result in Marubeni becoming a significant minority shareholder in Phillips Pharma Group, in order to support its continued growth and expansion in Sub-Saharan Africa.
Phillips Pharma Group, a leading healthcare distributor with operations in nine countries in Sub- Saharan Africa, markets and distributes a wide range of pharmaceuticals, medical devices and diagnostic equipment from over one hundred of the world’s leading healthcare companies. Marubeni, a leading Japanese integrated trading and investment business conglomerate, will leverage its extensive global network within the healthcare industry to support and facilitate Phillips Pharma Group’s business activities aimed at improving health and wellness in Sub-Saharan Africa.
About Marubeni Corporation
Marubeni Corporation, founded in 1858, headquartered in Japan and listed on the Tokyo Stock Exchange (TYO: 8002), along with its consolidated subsidiaries, use its broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business activities across wide- ranging fields including lifestyle, ICT business & logistics, food, agribusiness, forest products, chemicals, metals & mineral resources, energy, power, infrastructure project, aerospace & shipping, finance, leasing & real estate business, construction, industrial machinery & mobility, next generation business and corporate development. Additionally, the Marubeni Group offers a variety of services, makes internal and external investments, and is involved in resource development throughout all of the above industries.
Website: https://www.marubeni.com/en/