American private equity investment fund TPG announced it has acquired 50% of shares for approximately $800 million in Russian pharmaceutical company Sia International Ltd.
As of today, the transaction is the biggest non recurring investment of the fund in Russia. The invested capital will be put only into shares of the company.
SIA is the largest distributor of pharmaceuticals in Russia. It supplies medical products of both key palyers of the market and common Russian manufacturers to over 30 000 Russian drugstores and hospitals.
source:
Russian Business
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TPG purchased 50% of Russian pharmaceutical company
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