Aurobindo Pharma acquires Dutch company
30 Dec 2006
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Hyderabad: Aurobindo Pharma Ltd. (APL) has acquired the Netherlands-based generic pharmaceutical company, Pharmacin International.
To facilitate the buyout APL has through its wholly owned subsidiary Agile Pharma, Netherlands, entered into a share purchase agreement with Jerim and Jonghoud International of the Netherlands.
Under the terms of the share purchase agreement, Agile Pharma has acquired 100 per cent of the shares of Pharmacin International from Jerim and Jonghoud International. Pharmacin is a profit-making company with a turnover of over 6 million euros for the year ending December 2006 and a CAGR of over 30 per cent.
.webp)
