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  WDH / Kreise: Over-the-counter remedies could bring Merck KGaA a good 4 billion | News | Bit Updates
Home » bitcoin updates » WDH / Kreise: Over-the-counter remedies could bring Merck KGaA a good 4 billion | News

WDH / Kreise: Over-the-counter remedies could bring Merck KGaA a good 4 billion | News

Friday, December 15th, 2017 | bitcoin updates

(repetition due to technical reasons) FRANKFURT (dpa-AFX) – The hypermarket business of the Darmstadt-based Merck Group seems to arouse great interest. Among the bidders in the first round of the food group Nestle (NestlĂ©), the consumer goods group Reckitt Benckiser and the drug manufacturer Mylan counted, the news agency Bloomberg wrote on Thursday, citing inaugurated persons. The division could therefore bring up to 5 billion US dollars or the equivalent of 4.2 billion euros. That would be a little more than expected. Merck KGaA (Merck) had the business with over-the-counter remedies such as nasal sprays and vitamin supplements in September at the discretion and considered various options from partnerships to the sale. Recently, the evidence of a sale condensed. Bloomberg also called the industry size Perrigo and the financial investor duo Bain and Cinven as bidders. The latter had taken over control of the Bad Vilbel pharmaceuticals manufacturer STADA only in the summer. It is conceivable that the financial investors would acquire the Merck business, in order to dock it later to the MDAX company, dpa had previously learned from financial circles. Bain and Cinven had always emphasized that they also put on acquisitions for the expansion of Stada. According to experts, Merck's over-the-counter medications would fit well into the portfolio. In addition to copycat drugs, Stada sells prescription medicines for colds, vitamin deficiencies and prostate disorders. In 2016, Merck achieved sales of 860 million euros with over-the-counter medicines. Analysts estimate the value of the area at around 4 billion euros. Worldwide, would be affected by a possible sale 3800 employees, in Germany around 280. A decision should fall to the pharmaceutical and chemical companies in early 2018./das

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