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Archive for Tuesday, March 28, 2006

Sanofi-Aventis buys stake in Zentiva

March 28, 2006

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Sanofi-Aventis SA, the world's third-largest pharmaceuticals company, said Monday it bought a 25 percent stake in Czech drugmaker Zentiva for 430 million euros, or about $515 million.

Sanofi bought the stake from investment firm Warburg Pincus and Zentiva employees, becoming the largest shareholder in the Prague-based company, which develops, manufactures and markets low-cost pharmaceutical products.

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