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Intas Builds Europe Scale With £603m Teva Deal

 
• By Anju Ghangurde

Intas Pharmaceuticals of India has acquired certain Teva assets in Europe – a transaction that is expected to give the unlisted Indian group significantly expanded scale in the region.

Intas Pharmaceuticals Ltd. has bought the assets and operations of Actavis Generics in the UK and Ireland for £603m, pipping a host of other suitors including some Indian peers. Intas will now figure in the top 20 generics players globally.

The assets on the block formed part of the Teva Pharmaceutical Industries Ltd./Allergan PLC divestiture, which is reported to have attracted interest from big pharma and private equity...

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