Friday, September 28, 2007

Greece's Alapis eyes bidding for 100 pct of Romania's Labormed sources

ATHENS (Thomson Financial) - Greek pharmaceutical company Alapis is considering bidding for 100 pct of Romanian pharmaceutical company Labormed, sources close to the matter told Thomson Financial News.

The sources added that the price range is expected to reach between 80 to 100 mln eur.

Labormed had revenues of 27 mln eur and profits of 10 mln eur in 2006.

Brokers said that Alapis' interest is in line with the company's strategy to expand in the production and distribution of pharmaceuticals in the Balkans.

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