Sopharma Enters The Market of Serbia
The Board of Directors in Sopharma (
) has adopted a decision for the acquisition of pharmaceutical companies on the markets of Romania and Serbia, BSE reports. The management has authorized CEO Ognyan Donev to lead negotiations and to manage all necessary procedures in order to sign the acquisition contracts.
This corporate announcement comes only a week after Sopharma revealed it was in the process of acquiring Ukrainian OAO Vitamina, which ranked 13th in the pharmaceutical sector in its country with annual sales of 5.3 mln USD last year. OAO Vitamina's portfolio includes 64 products.
Sopahram has also subscribed 108,500 shares of the capital of Latvian Olinepharma in n IPO held earlier.
The stock fell 1.45% today to an average of 8.83 leva at a turnover of 16,495 shares.