Ranbaxy laboratories on tuesday said it has sold its entire stake in Chinesejoint venture Ranbaxy Ghuangzhou pharmacy co Ltd for an undisclosed amount.
Ranbaxy Ghuangzhou China(RGCL) is a joint venture formed in 1993 between the ranbaxy group, Guangzhou baiyunshan pharmaceutical company ltd, China and Hongkong new Chemic. This transaction will help Ranbaxy in cosolidating the overall global manufacturing operations by bringing synergies and in reducing complexities in production, a spokesperson of gurgaon based company told.
Thursday, December 31, 2009
Ranbaxy exist Chinese Jv
Posted by MR Awesome at 6:18 AM
Labels: acquisition and disinvestment
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