Hyderabad Based Aurobindo Pharma to Buy Portugal’s Generis for 135 mn Euro

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Aurobindo Pharma on Saturday said it has inked a pact to acquire Portugal’s Generis Farmaceutica SA from Magnum Capital Partners for a consideration of 135 million euros (around Rs 969 crore).

The company has inked a binding agreement through its wholly-owned subsidiary Agile Pharma BV Netherlands to acquire Generis Farmaceutica for a total consideration of 135 million euros, Aurobindo Pharma said in a statement.

Generis produces and sells pharma products in Portugal

With the latest acquisition, Aurobindo will now have a portfolio of 271 products in the European nation.

The Hyderabad-based firm has been steadily expanding its European footprint since 2006. In 2014 it has acquired Actavis’s commercial operations in seven Western European countries.

PTI

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