Spectator on facebook

Spectator on facebook

Antimonopoly Office okays Wood & Company's takeover of Zentiva

The Slovak Antimonopoly Office (PMÚ) has approved a takeover in which Wood & Company S.A., headquartered in Munsbach, Luxembourg, will gain indirect exclusive control over part of Hlohovec-based pharmaceutical company Zentiva, headquartered in Bratislava, the PMÚ announced on Thursday, March 7.

The Slovak Antimonopoly Office (PMÚ) has approved a takeover in which Wood & Company S.A., headquartered in Munsbach, Luxembourg, will gain indirect exclusive control over part of Hlohovec-based pharmaceutical company Zentiva, headquartered in Bratislava, the PMÚ announced on Thursday, March 7.

According to the PMÚ, the takeover will not violate the principle of effective competition on the given market. The decision has been in effect since February 21, 2013, the TASR newswire wrote.

Neither Wood & Company, an investment bank, nor any other company that belongs to its group was previously doing business in the same or related markets as Zentiva; nor may Wood & Company be viewed as Zentiva's competitor, as it had not been planning to enter the market for producing medications or production and sales of pharmaceutical substances and cosmetics, the PMÚ found.

Wood & Company provides investment banking and asset management services.

Source: TASR

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

North-south gas interconnection moves closer

Slovak gas projects will receive finances from the European Union.

The gas pipeline operator Eustream is the biggest taxpayer in Slovakia.

Stopping extremism before it starts

Schools in Slovakia must do a better job of developing their students’ critical thinking skills from an early age, US envoy says.

Danko’s popularity keeps falling

The SNS chair suffers mostly because of the controversial military promotion and his following actions.

Lack of qualified labour needs to be addressed

After visiting carmaker PSA in Trnava, PM Fico says that people do not want to work even for more than €1,300.

PSA Groupe Slovakai in Trnava