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Swiss Amicus and Brazil's EMS bid for Serbian drugmaker Galenika
October 4, 2017 / 2:58 PM / 13 days ago

Swiss Amicus and Brazil's EMS bid for Serbian drugmaker Galenika

BELGRADE, Oct 4 (Reuters) - Swiss-based drugs company Amicus SRB and Brazilian pharma group EMS SA have both made binding bids for a 93 percent stake in Serbian drugmaker Galenika, Serbia’s Economy Ministry said.

Belgrade wants to sell Galenika as part of an effort to privatise, shut or trim unprofitable state firms under a 1.2 billion euro ($1.4 billion) deal with the International Monetary Fund, but the drugmaker’s debts have so far put off investors.

The Economy Ministry said in a statement on Wednesday that the envelopes with financial offers will be opened after the bids have been verified. (Reporting by Aleksandar Vasovic; Editing by)

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