nternational pharmaceuticals and chemicals company Merck South Africa has sold its Merck Pharmaceutical Manufac- turing (MPM) operations.
Black-owned investment firm Nkunzi Investment acquired the company, creating Nkunzi Pharmaceuticals, which started trading on May 3, 2011 as a company within Nkunzi Investment Holdings.
Black-women-owned investment company Omame has also acquired 15% of MPM. As part of the agreement, the existing management team of MPM and all employees will be transferred to Nkunzi Pharma- ceuticals, in Johannesburg.
