May 19, 2020 |
Brazilian pharmaceutical company Blau Farmacêutica said it paid BRL150 million ($26.2 million) to acquire Pharma Limírio Indústria Farmacêutica, a drug manufacturer and packaging firm based in the state of Goiás.
Blau spent BRL55.2 million on the closing date on Friday and said it will make the remaining payments when Pharma Limírio meets the legal and technical conditions in the purchase agreement, according to a securities filing from Friday.
"The acquisition reinforces Blau's strategy of grow
Brazilian pharmaceutical company pays $26 mln for Pharma Limírio, following a debenture sale for $44 mln last month