Only bid of Luxembourg-based Aelius valid in Galenika sale
Luxembourg-based Aelius, connected to Brazil's EMS SA, has submitted all necessary documents for the privatization of Serbia's pharmaceutical company Galenika.
Monday, 23.10.2017.
09:45
Only bid of Luxembourg-based Aelius valid in Galenika sale
The opening of the financial offer submitted by Aelius will take place on October 26, Tanjug is reporting.The ministry on September 1 published a call for a tender to sell a 93.7 percent in Galenika, at the initial price of one euro, plus EUR 25 million to cover the company's debts to banks, Beta said.
Another attempt at selling Galenika failed earlier this year, as a Russian-British consortium Frontier-Pharma-Petrovax refused to cover the said debt.
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