Teva sells Actavis assets in UK and Ireland to Intas

6 October 2016

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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