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

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.