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Mergers & Acquisitions | 28 April 2011

Biocon To Sell Its 78% Stake In AxiCorp For $58 Mn

by Deeshesh Chheda
 
@deeshesh

@Biocon_Limited1 Ltd will be selling its entire 78% stake in it's German unit, AxiCorp GmbH, to minority shareholders, for 40 million euros ($58.2 Mn).

AxiCorp was the licensee for Biocon's insulin and Glargine products in Germany and had the sole responsibility for commercialising these products.

Transactio Reference: Business Standard


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