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Article: Dishman to buy Solutia's pharma services biz for $74.5 mn.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- May 24, 2006
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Dishman to buy Solutia's pharma services biz for $74.5 mn
Mumbai, May 24 (PTI) Ahmedabad-based Dishman Pharmaceuticals and Chemicals Ltd today said it will acquire the pharmaceutical services business of US-based Solutia Inc for 74.5 million dollars.
The company has signed an agreement for purchasing 100 per cent stake in CarboGen and Amcis--Solutia Inc's pharmaceutical services division, Dishman said in a statement.
The acquisition includes other assets used in the pharmaceutical services business, for a consideration of 74.5 million dollars, including a working capital of 8 million dollars, it said.
CarboGen and Amcis offer a broad ...