"Recordati S.p.A. : acquires Yeni Ilac in Turkey
Last update: 4:22 a.m. EDT Oct. 29, 2008
MILAN, ITALY, Oct 29, 2008 (MARKET WIRE via COMTEX) -- RECORDATI ACQUIRES YENI ILAC IN TURKEY
Recordati announced the signature of an agreement for the acquisition of Yeni Ilac, a Turkish pharmaceutical company with headquarters near Istanbul. The price to be paid of EUR 48 million will be funded from existing liquidity. The closing of the transaction, expected to take place before the end of 2008, is subject to certain conditions, including clearance by the relevant competition authorities."
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