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CZECH DRUGMAKER TO EXPAND
Czech drugmaker Zentiva NV is pressing its strategy to expand into fast-growing markets in Central and Eastern Europe with an offer for Romanian drugmaker SC Sicomed SA. Zentiva said Tuesday, Sept. 13, it had submitted a preliminary offer of $102 million for the 51% stake in Sicomed that Venoma Holdings Ltd. of Cyprus owns. The offer values Sicomed at about $200 million, or 48 cents per share, a premium of about 25% to Monday's closing price.
KEYWORDS Daily International Pharma Alert
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