Novartis Keeps Its $14B Stake in Roche

Manostaxx

 

Reuters reports that Novartis decided not to sell its roughly $14 billion, 33 percent voting stake in Roche, according to Chairman Joerg Reinhardt in an interview in Swiss newspaper HandelsZeitung.

“We said we would review whether it makes sense to sell the stake,” Reinhardt said. “We came to the conclusion that that’s not the case. We have made no decision to actively move ahead with the sale.”

Last May, CEO Joe Jimenez said he decided to sell the Roche stake without a premium and that the company had discussed options with banks.

Continue at: http://www.pharmamanufacturing.com/industrynews/2017/novartis-keeps-its-14b-stake-in-roche/

The text above is owned by the site bellow referred.

Here is only a small part of the article, for more please follow the link

Also see:

Recipharm Acquires Roche Facility, Saves 200 Jobs

3 Comments

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s