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"Pliva d.d. announced today that its German subsidiary AWD.pharma GmbH & Co. KG has completed the divestment of its manufacturing plant in Dresden, Germany," reads a press release issued on the company's website.
"The closing of the transaction will not have a material impact on Pliva Group results for 2006 given that associated restructuring charges were reflected in Q4 2005 results. The transfer of production to more cost-efficient sites is ongoing and should be completed by 2008," it added.
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