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Deals Roundup - 3 January 2019: Russian Merger Aims For Top-10 Spot

 
• By Aidan Fry

A top-10 Russia pharma player, medicinal cannabis, contract manufacturing and Australian wholesaling are among the targets for the latest raft of mergers, acquisitions and investments affecting the global off-patent medicines sector.

MergerAcquisition
• Source: Shutterstock

An investment consortium is aiming to create “a top-10 Russian pharmaceutical company”, operating in the non-state sector, by combining its acquisition of local player OBL Pharm with its existing control of Binnopharm. Through their joint holding company Ristango Holding, conglomerate Sistema, VTB Bank and OBL’s management team have paid RUB15.5 billion (US$225 million) to acquire a 95.14% stake in OBL from Gazprombank and UFG private equity’s Alvansa vehicle.

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