Nov 26 (Reuters) - Australian Pharmaceutical Industries Ltd API.AX :
* Market update - sale of ch2 API.AX
* Has entered into an agreement to sell its shareholding in hospital supplies distribution business, ch2 holdings
* Says sale will complete in early December 2015
* Api and private equity firm Allegro Funds, will sell their shareholding to a private buyer
* Says sale will pay out the ch2 debt, providing a minimum of $4 million in cash to API
* Sale will mean that api books a loss on the sale of a maximum of $2.8 million after disposal costs
* Source text for Eikon ID:nASXLFyN4
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