ZAGREB, June 14 (Hina) - Pliva Pharma Holding, the daughter- company of the pharmaceutical company Pliva, has purchased two German pharmaceutical companies - AWD.pharma GmbH & Co.KG and AWD.pharma Beteiligungs-GmbH (under the joint
name of AWD), which are part of ASTA Medica AG from Dresden.
ZAGREB, June 14 (Hina) - Pliva Pharma Holding, the daughter-
company of the pharmaceutical company Pliva, has purchased two
German pharmaceutical companies - AWD.pharma GmbH & Co.KG and
AWD.pharma Beteiligungs-GmbH (under the joint name of AWD), which
are part of ASTA Medica AG from Dresden. #L#
The acquisition, worth 50 million euros, is believed to be the
biggest acquisition in West Europe realised by a pharmaceutical
company from Central and East Europe.
The completion of the acquisition is conditional on the approval of
the German Office for the Protection of Market Competition and is
expected within one month.
AWD is a pharmaceutical company focusing on the development,
production, marketing and distribution of generics in Germany and
some Central- and East-European markets. Last year the company had
an income and pre-tax profits of 115.8 and 90 million euros
respectively. On January 1 this year, it had net assets worth 40.5
million euros. AWD has a developed production programme which is
oriented primarily toward the cardiovascular and therapeutic areas
of the central nervous system.
(hina) rml