Meda sells Euromed in Spain for EUR 82 mln
Wednesday, December 02, 2015
Meda AB says divests manufacturing unit Euromed in Spain.
Says total consideration is EUR 82 million in upfront cash for shares of Euromed.
Says unit generates sales of around EUR 40 million and an ebitda margin of around 20 percent on an annual basis.
Says competition filings will be initiated within days and the transaction is expected to complete in Q1 2016 following such clearances.
reuters.com
