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Shionogi To Switch Europe HQ Out Of London Over Brexit

 
• By Kevin Grogan

The drug maker looks set to join fellow Japanese firms Sony and Panasonic in moving its European legal base out of the UK as the uncertainties surrounding Brexit show little sign of being resolved.

Brexit
Shionogi to jump ship onto the continent • Source: Shutterstock

Japanese pharmaceutical companies have been among the most vocal in the sector to express their concerns about Brexit and it seems that one of them – Shionogi & Co. Ltd. – is planning to move its Europe base from London to the Netherlands as the March 29 deadline for the UK to leave the European Union looms large.

According to the Financial Times, which cited unnamed people who have been briefed on the matter, Shionogi intends to merge...

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