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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
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