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.

Top stories

Sweden is a European leader in further education, with 34.3 percent of involved adults in 2019.

Further education gives hope, but not to people in Slovakia

Stepping up to world-class further education provision does not end with a strategy, examples from abroad show.


11. jún
An interactive statue by the Love Bank museum in Banská Štiavnica.

Instead of love, "garden gnomes" cause uproar in a Slovak UNESCO town

Your weekly dose of easy reads about Slovakia, including EURO 2020 and geoparks.


11. jún
Recent tax measuresmayhelp to fill state coffers.

Historic deal on minimum global tax of 15 percent. Will it become relevant?

The planned tax reforms are both ambitious and complex; it is already clear that not everything will be enforceable.


8 h