Hoechst to buy UB group stake in Aventis Pharma
Tuesday, 23 March 2010
MUMBAI, Mar 22 (Reuters): Aventis Pharma Ltd said Monday its promoter Hoechst GmbH plans to raise its stake to 60.37 per cent in the firm by acquiring 10.27 per cent stake from the United Breweries group.
Hoechst plans to acquire shares from Kingfisher Finvest, United Breweries (Holdings), McDowell Holdings and Mallya Private at Rs 1,750 a share, Aventis Pharma said in a filing.
The acquisition is likely on or after March 30, the filing said.
Hoechst plans to acquire shares from Kingfisher Finvest, United Breweries (Holdings), McDowell Holdings and Mallya Private at Rs 1,750 a share, Aventis Pharma said in a filing.
The acquisition is likely on or after March 30, the filing said.