Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jul, 16 2018

Aurobindo Pharma to buy Apotex’s 5 European businesses

The acquisition is in line with Aurobindo’s strategy to strengthen its European business and to expand in Eastern Europe’s generics drug market.

Aurobindo Pharma to buy Apotex’s 5 European businesses

Aurobindo Pharma Ltd has signed a pact to acquire the commercial operations and certain supporting infrastructure of Apotex International Inc. in five European countries for €74 million ($86.5 million).

The acquisition is in line with Aurobindo’s strategy to strengthen its European business and to expand in Eastern Europe’s generics drug market, the Indian drugmaker said in a stock-exchange filing.

The five countries are Poland, the Czech Republic, the Netherlands, Spain and Belgium.

The acquisition will diversify Aurobindo’s European product portfolio by adding over 200 generics and more than 80 over-the-counter (OTC) products that had total sales of €133 million in the year ended March 2018.

Aurobindo said closing of the transaction is conditional on the receipt of competition clearances for the transaction by the Dutch and Polish authorities. The deal is likely to be completed in three to six months’ time, it said.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Pet Stores
    About Us: CP Vet is a pet hospital . It provides..
    Locations looking for expansion Haryana
    Establishment year 2012
    Franchising Launch Date 2012
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Faridabad Haryana
  • About Us: Meyer Housewares India Pvt.Ltd India’s First International Culinary Cookware Store..
    Locations looking for expansion New Delhi
    Establishment year 1997
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater DELHI New Delhi
  • Preschools
    About Us: Rio Preschool, which started five years ago with an..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 2lac - 5lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Karnataka
  • About Us: At DogSpa we love to spoil, treat and pamper..
    Locations looking for expansion Delhi
    Establishment year 2014
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities