What a day!!
Mayne, Serono and now Altana.
Altana has revealed the sale of Altana Pharma AG and its entire pharmaceuticals business to Nycomed for about EUR 4.5 billion.
The sale is expected to close by the end of this year, and the transfer of the business is planned as of January 1, 2007. The Supervisory Board of Altana AG has approved the transaction.
Private investors Nordic Capital, Credit Suisse Private Equity and Blackstone, the owners of Nycomed, will be playing a role as consolidators through the Altana buy, which creates a business with total sales of over 3 billion euros.
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