MOPA -- Media, One-Stop Service, All-In-One Agency
Social Media/Email
  • WORK
  • NEWS
  • SERVICE
  • CONTACT

Sources: China's Fosun Pharma is Planning bid for Germany's Stada

3/9/2017

0 Comments

 
Picture
(Reuters)
China's Shanghai Fosun Pharmaceutical (
600196.SS) is planning a bid for German generic drugmaker Stada, already the center of a 3.6 billion euro ($3.8 billion) takeover battle between two private equity consortia, two people close to the matter said.
Fosun Pharma is also holding early-stage talks with buyout funds including CVC about a potential joint bid, but may decide initially to go it alone with a view to taking financial investors on board later, one of the people said.
Fosun Pharma said it currently had no information to disclose. Stada declined to comment.

Stada is expecting to receive so-called confirmatory bids from a consortium comprising Advent and Permira as well as from rivals Bain and Cinven, who have teamed up as well, on Friday. Final bids are due just before Easter, the sources said.
The planned Stada bid is part of Fosun Pharma's overseas expansion plans, after it acquired an Indian drugmaker, Gland Pharma, last year. Fosun Pharma's Chairman Chen Qiyu had said in September that the firm was eyeing investments in other overseas markets.
The company is part of Chinese conglomerate Fosun International (0656.HK), headed by billionaire Guo Guangchang, which has been active in global mergers and acquisitions from property to finance.
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    News related

    MOPA

    Online Service

    Media
    ​Celebrity Content

    Public Relations
    ​Branding
    Digital Marketing
    Makeup
    Blockchain project

    Shanghai, China
    Email:  info@mopa1.com
    Picture
     

    Archives

    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    August 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    October 2016
    November 2014
    August 2014
    July 2014
    April 2014
    March 2014
    February 2014
    October 2013
    September 2013
    June 2013

    Categories

    All
    Brazil
    Chile
    China
    Cuba
    Latin America
    Mexico
    Venezuela

    RSS Feed

Powered by Create your own unique website with customizable templates.