Teva sells Actavis assets in UK and Ireland to Intas
Indian company Intas Pharmaceuticals has agreed to buy the assets and operations of Actavis Generics in the UK and Ireland from Israeli drugs giant Teva for £603 million ($762 million).
The deal is part of the European Commission’s anti-trust divestiture requirements arising from Teva’s $40.5 billion acquisition of Actavis Generics from Ireland-incorporated Allergan earlier this year.
"This acquisition will make Accord a leading generics player in the UK market"
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