Bloomberg News

Polpharma Signs Preliminary Deal to Buy Poland’s Polfa Warszawa

October 13, 2011

Oct. 13 (Bloomberg) -- Polpharma SA, a Polish drugmaker, signed a preliminary deal with state-owned PHF SA to buy competitor Polfa Warszawa SA, Ewa Wilcz-Grzedzinska, PHF’s spokeswoman, said in an e-mailed statement late yesterday.

Polpharma, which was picked for exclusive talks last month after Iceland’s Actavis Group hf withdrew from the process, is “likely” to sign the final agreement to purchase Polfa in December, PHF said in the statement.

To contact the editor responsible for this story: Maciej Martewicz at mmartewicz@bloomberg.net


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