Industry News

ALTANA AG Sells ALTANA Pharma for €4.5 Billion

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By: DAVID SAVASTANO

Editor, Ink World Magazine

ALTANA AG announced the sale of ALTANA Pharma AG and its entire pharmaceuticals business to Nycomed for approximately €4.5 billion ($5.7 billion). The completion of the transaction is subject to approval by the competent antitrust authorities in the EU and the U.S. as well as an Extraordinary General Meeting of ALTANA AG. Closing is expected by the end of this year. The transfer of the business is planned as of January 1, 2007.      ALTANA Pharma is an international pharmaceutical group with abo...

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