Schering AG to take full control of Jenapharm
Schering AG is to acquire the outstanding 25.1% of shares in JenapharmGroup, Jena and Weimer, currently in the hands of drug wholesaler Gehe AG, in order to gain 100% control of the firm.
In 1996, Schering purchased a 74.9% majority stake in Jenapharm, which is based in eastern Germany, from Gehe. The transaction still requires German antitrust authority approval, and both parties have agreed not to disclose financial details.
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