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Provider: Reuters Investment Profile

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aap Implantate AG divests contract manufacturing business to private equity company

Monday, 24 Feb 2014 11:30am EST 

aap Implantate AG:Announces a private equity company will acquire its contract manufacturing business concentrated in its subsidiary, European Medical Contract Manufacturing B.V. (EMCM).Purchase price for all shares in EMCM is 18 million euro.Closing (notarial attestation) is expected to occur within next days.EMCM develops and manufactures sterile medicinal products for the biomaterials, pharmaceuticals and tissue engineering markets.Transaction supports company's strategy to focus on its trauma and bone cement business. 

Company Quote

-0.04 -1.40%
6:47am EDT