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Merck KgaA gets 5 bln usd bid for generics unit from India's Torrent - report


Published : Tue, 20 Mar 2007 08:11
By : Agencies
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LONDON (AFX) - India's Torrent Pharmaceuticals Ltd has tied up with private equity investors to bid of over 5 bln usd for Merck KGaA's global generics business, reported the Times of India, citing unnamed sources.

Torrent joins Indian companies Ranbaxy Laboratories Ltd and Cipla Ltd and global giants Teva Pharmaceutical Industries, Mylan Laboratories and Actavis Group in the race for Merck's generics unit, the paper said.

The report did not name the private equity investors.

Torrent Pharmaceuticals spokesperson declined to comment, the newspaper added.

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