Merck looks set to sell Allergopharma, according to sources

30 November 2015

German pharma giant Merck is considering selling its allergy business Allergopharma in a bid to reduce debts of more than 10 billion euros, according to reports.

It is estimated the business could fetch up to 600 million euros ($636 million) if the sale went ahead but a deal is by no means certain.

Unidentified sources told Bloomberg that Merck is currently in the early stages of deciding whether to put Allergopharma up for sale.

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