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Australia's CSL Confirms Takeover Talks With Swiss Drugmaker Vifor Pharma

Australian biotech company CSL Ltd. (CSL.AX,CMXHF.PK), in its response to media speculation, on Monday confirmed that it is in discussions regarding a potential transaction involving Swiss drugmaker Vifor Pharma Ltd.

Media reported earlier that the company t was in talks to buy Vifor Pharma to be worth about A$10 billion or $7.2 billion.

The company now added that there remains no certainty at this time that any transaction will result and, if a transaction does result, when such a transaction would occur.

CSL said it will keep the market informed in accordance with its continuous disclosure obligations, and otherwise does not intend to comment on such matters.

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