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Provider: Reuters Investment Profile
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Farmstandart OAO to Spin Off Branded OTC Business


Sunday, 7 Jul 2013 08:00pm EDT 

Farmstandart OAO (Pharmstandard) announced that the Company decided to initiate necessary steps for a spin-off of Company’s branded over-the-counter business (Branded OTC) into a separate legal entity whose shares will be proportionally distributed among the shareholders of the Company. On July 5, 2013, the Company’s Board of Directors convened to discuss the matter and agreed to announce the extraordinary shareholder meeting in accordance with legislation of Russian Federation and with the Company’s charter. 

Company Quote

1065.0
-35.0 -3.29%
22 Jan 2015