Saturday, September 23, 2006

Schwarz - for sale by owner

The owners of Germany's Schwarz Pharma have started a process to sell their stake in the company, a source familiar with the situation told Reuters late on Friday.

The source said that talks had been started some weeks ago.

A second source said that a decision on a possible sale was nearing.

The Schwarz-Schuette family which owns around 60 percent of the company expect a price of around 4 billion euros ($5.13 billion), and it is not yet clear whether the interested parties are strategic investors or private equity firms, the first source said.

Reuters

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