FRANKFURT, March 30 Blood plasma products maker
Biotest is in talks to be taken over by Chinese
investor Creat Group Corp, which last year bought the German
company's British peer Bio Products Laboratory.
Creat has proposed a purchase price of 28.50 euros per
ordinary share and 19.00 euros per preference share
, Biotest said in a statement late on Wednesday.
The ordinary and preference shares on Wednesday closed at
19.99 euros and 19.02 euros, respectively.
Biotest, whose products are used to treat blood coagulation
disorders, auto-immune diseases and immune deficiencies, said
the potential deal was still subject to final negotiations and
an agreement with Biotest AG's majority shareholder, OGEL GmbH,
among other measures.
Creat agreed in May last year to acquire British biotech
firm Bio Products Laboratories (BPL) from Bain Capital for 820
million pounds ($1.02 billion).
($1 = 0.8044 pounds)
(Reporting by Ludwig Burger)