Actavis sells Bulgarian distributor

Published in M2 Pharma on Tuesday, 09 March 2010 at 08:23 GMT
Copyright (C) 2010, M2 Communications

9 March 2010 - Bulgarian pharmaceuticals company Actavis has sold its local distributor Higia EAD to a private investor.
The buyer is Rossica Veselinova Velikova, aged 31.
The sale is part of Actavis efforts to focus on its core business - development, production and sale of generic drugs. It will continue to work with its distributor, the company said in a statement.
According to two independent sources the real buyer is Veselin Mareshki, a businessman from Varna, owner of Varnafarm holding, a chain of pharmacies.
When asked by local Dnevnik daily, Mareshki denied the information.
The vertical integration in the pharmaceuticals sector in Bulgaria is forbidden by competition regulations. Thus, Mareshki would not be allowed to buy Higia, but in theory, the deal could be closed through another party.




Release date: 09 Mar 2010

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