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Germany's Stada attracts interest from Fosun Pharma - sources
March 9, 2017 / 2:22 PM / 8 months ago

Germany's Stada attracts interest from Fosun Pharma - sources

FRANKFURT/HONG KONG (Reuters) - China’s Shanghai Fosun Pharmaceutical (600196.SS) is planning to put in a bid for German generic drugmaker Stada, already at the centre of a takeover battle between two private equity consortia, two people close to the matter said.

The logo of the pharmaceutical company Stada Arzneimittel AG is pictured at its headquarters in Bad Vilbel near Frankfurt March 14, 2012. REUTERS/Alex Domanski

Fosun Pharma is also holding early-stage talks with buyout funds including CVC about a potential joint bid, but may decide initially to go it alone, one of the people said.

Fosun Pharma said it currently had no information to disclose.

Additional reporting by Julie Zhu; Editing by Georgina Prodhan

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