Zentiva’s Hlohovec plant sold to Czech company Wood Pharma Holding

Zentiva, the biggest pharmaceuticals producer in Slovakia, has sold its production plant in Hlohovec, Trnava Region, to Wood Pharma Holding, the TASR newswire learnt on Wednesday, November 21, quoting a statement by Zentiva’s parent company Sanofi.

Zentiva, the biggest pharmaceuticals producer in Slovakia, has sold its production plant in Hlohovec, Trnava Region, to Wood Pharma Holding, the TASR newswire learnt on Wednesday, November 21, quoting a statement by Zentiva’s parent company Sanofi.

The new owner, part of the investment bank Wood & Company, is to take over part of Zentiva's business activities, including production, packaging and distribution of pharmaceuticals and medications, Sanofi announced. The sale also involves the transfer of production machinery, around 800 employees, and selected trademarks.

According to the company, the aim of the sale is to create a stable environment in the Hlohovec-based plant and sustain the availability of the medications produced by the plant on the market. Zentiva’s owner, the French group Sanofi, is an international supplier of generic medications in Europe, the Middle East and Africa. Czech-based investor Wood & Company focuses on investments in emerging markets.

The SITA newswire wrote that the decision to sell the plant in Hlohovec was made last October and that the company had been negotiating with several interested parties since then. Zentiva and Wood Pharma Holding also concluded a contract on future cooperation under which the new owner will be able to produce drugs for the concern for the next five years.

Sources: TASR, SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

News digest: Who is ready for a vaccine in Slovakia

Vlhová won again. Boris Kollár is at home and will meet coalition partners to discuss GP vote. Justice Minister shows a new map.

Illustrative stock photo

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.

From COVID-19 miracle to apparent resignation to death and dying

The natural reflex of all failed politicians – and their uncritical fan clubs – is to point to cultural or geographical differences between “us” and “them”.

The COVID-19 ward in the University Hospital Martin