Fervent Holding, a member of the consolidated J&T Group, announces that it has accepted the voluntary offer put forth by the company Sanofi-Aventis Europe for the takeover of its shares in the firm Zentiva. Fervent Holdings Fervent Holdings is owner of 2,905,960 shares of Zentiva, which represents a 7.62% stake. Zentiva (www.zentiva.cz) Zentiva N.V. is [...]
Tag Archives: Zentiva
PPF Withdraws Objections to Zentiva Sale
February 13, 2009
Czech finance firm PPF, a privately held investment group has agreed to sell its shares of generic drug maker Zentiva. Zentiva had been working on a deal for the takeover of the company by French pharmaceutical giant Sanofi-Aventis. Sanofi’s bid which was scheduled to expire February 20th, was contingent upon them acquiring at least 50% [...]
Sanofi-Aventis Poised to Purchase Additional Stake in Zentiva
January 16, 2009
Sanofi-Aventis appears likely to purchase a 10.06% stake in Czech pharmaceutical manufacturer Zentiva. The shares are being sold by Belviport Trading Ltd., a private shareholder of the company. Sanofi-Aventis is already Zentiva’s largest shareholder at nearly 25%, and it has been trying since last year to purchase a majority share. The sale by Belviport is [...]
February 22, 2009
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