Zentiva has entered into an agreement with Wood Pharma Holding to sell its production plant in Hlohovec, Slovakia
Hlohovec, Slovakia - November 21, 2012 – Zentiva a.s., a Sanofi company, announced today that it has entered into agreement with Wood Pharma Holding a.s. to sell its Hlohovec production facility in Slovakia. According to the agreement Wood Pharma Holding will acquire production, packaging and distribution part of Zentiva business in respect of both Active Pharmaceutical Ingredients and Drug Products activities. The transfer of a part of business includes transfer of the production facilities, employees and selected trademarks. Zentiva and Wood Pharma Holding also entered into agreements about future co-operation, covering purchase of drug products and Active Pharmaceutical Ingredients produced by Wood Pharma Holding in Hlohovec in the next five years. All contracts are subject to several conditions precedent and should become effective in the next months. The whole divestment process aims to bring stability and further opportunities to current employees as well as ensure availability of high quality affordable medicines, produced by the site. „We believe that our investments, long-time experience and our know-how will transform this production plant into a strong company. We consider the production plant in Hlohovec to be an extraordinarily and quality asset with potential for further development", said Ľubomír Šoltýs, Head of the investment company WOOD & Company.
This decision follows announcement from October 2011, when Zentiva shared its intention to explore strategic alternatives with respect to sustainable future of its Zentiva Hlohovec production facility in Slovakia.
Zentiva, a Sanofi company, is an international provider of modern, high quality affordable generic medicines in Europe, Middle East and Africa. Zentiva is headquartered in Prague, Czech Republic.
Sanofi, a global and diversified healthcare leader, discovers, develops and distributes therapeutic solutions focused on patients' needs. Sanofi has core strengths in the field of healthcare with seven growth platforms: diabetes solutions, human vaccines, innovative drugs, rare diseases, consumer healthcare, emerging markets and animal health. Sanofi is listed in Paris (EURONEXT: SAN) and in New York (NYSE: SNY).
ABOUT Wood Pharma Holding a.s.
Wood Pharma Holding a.s. is a subsidiary of Wood & Company, lading investment bank in the region of Central and Eastern Europe.
CONTACTS FOR MEDIA
sanofi-aventis Pharma Slovakia s.r.o.
Einsteinova 24, 851 01 Bratislava
Tel.: +421 2 33 100 750
Mobile: +421 915 999 460
Communication Director, ZENTIVA
Tel: +420 724 825 111
Mgr. Soňa Húšťová
WOOD & Company, PR zástupce
Dynamic Relations 2000, s.r.o.
Tel.: +421 918 644 293