MUMBAI, June 26: The Zydus group is at an advanced stage of negotiations to acquire a manufacturing facility in China, in a deal that is expected to entail an investment of around $15 million.Zydus group managing director Pankaj Patel told The Financial Express that the company was closely reviewing the situation, given the general economic and political scenario.
Significantly, Byk Gulden has recently forged an alliance in China and Patel indicated that the Zydus group will "look at the possible synergies" there too, given the long-term nature of the alliance with the German multinational.
The Byk Gulden group operates through 28 subsidiaries and associated companies worldwide and is present in a range of therapeutic groups including the respiratory, gastrointestinal, cardiovascular and CNS segments.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
