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Recordati Industria Chimica E Farmaceutica SpA Acquires Spanish Pharmaceutical Company Laboratorios Casen Fleet S.L.U.

Monday, 9 Sep 2013 02:42am EDT 

Recordati Industria Chimica E Farmaceutica SpA announced that it has signed the agreements covering the acquisition of 100% of the share capital of Laboratorios Casen Fleet S.L.U., a Spanish pharmaceutical company with headquarters in Madrid and production facilities in Utebo, Zaragoza. The value of the transaction (enterprise value) is of EUR 93 million and will be funded from existing liquidity. The closing of the transaction is expected to take place in the coming weeks. Casen Fleet primarily markets internally developed drugs principally in the gastroenterological therapeutic area in Spain and Portugal through its own organization and in other countries through partners. 

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