Actavis Inc. (ACT:US), the world’s fourth biggest maker of generic drugs, bought the entire equity of Serbia’s FHI Zdravlje AD as small shareholders sold their stock.
Actavis started the buyout on Nov. 2 to acquire 26.7 percent of the company it didn’t own and completed it at the cost of more than 7 million euros ($9.2 million), the company said in an e-mailed statement today.
Leskovac, Serbia-based Zdravlje was bought in 2002 for 3.5 million euros. Actavis said it invested more than 50 million euros in the plant, including the buyout.
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