Merck KGaA Increases Stake In Pakistan
The German pharmaceutical company Merck KGaA has increased its stake in the Pakistani pharmaceutical firm A D Marker by 26%. Merck now holds a 75% stake in the Pakistani company, which has been renamed Merck Marker.
Merck's involvement in Pakistan goes back to 1962 when it established a scientific promotion office to market pharmaceutical products. After a local manufacturing agreement was signed with A D Marker & Sons in 1974, a joint venture with the Pakistani company was created in 1982. Merck held 49% in this new company.
Today, Merck Marker operates in the pharmaceutical, laboratory and specialty chemical businesses and, in 1995, posted turnover of 40 million Deutschemarks ($26.4 million).
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