January 25, 2018 / 7:38 AM / a month ago

UK's Dechra to buy Dutch firms AST Farma, Le Vet for 340 mln euros

Jan 25 (Reuters) - Veterinary firm Dechra Pharmaceuticals Plc said it would buy the Netherlands-based AST Farma and Europe-focused Le Vet for 340 million euros ($422.1 million) in a cash and share deal.

The debt-free, cash-free deal will see Dechra paying about 75 percent in cash and 25 percent in new Dechra shares, and subject to a two year lock-in, Dechra said in a statement.

$1 = 0.8055 euros Reporting By Justin George Varghese in Bengaluru; Editing by Gopakumar Warrier

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