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New purchase of Indar shares could be illegal says Bioton

2008-03-26 00:00
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2008-03-26 00:00
But, according to Bioton, the transaction could have violated the law. "We know nothing of this company. According to our information it took over shares in Indar due to liabilities of Derzmedprom [Ukrainian state owned fund] towards Gerist. Shares were securing obligations amounting to $300,000. By comparison Bioton's 29% stake in Indar cost more than a dozen million dollars. It all seems that state property was defrauded," said Adam Wilczęga, the president of Bioton.

He added that the operation was carried out immediately and a relevant court ruling was announced within a couple of days. The Ukrainian health ministry is investigating the issue, but it was also surprised that the transaction was carried out. If the situation is not clarified in line with its expectations, Bioton will launch the sale of insulin on the Ukrainian market under its own brand. "We have contacts with Ukrainian distributors and we can launch our own brand within a month," said the president of Bioton. Analysts are skeptical about this emergency plan.


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Nie tylko 0 zł za konto. Sprawdź, które rachunki firmowe naprawdę się opłacają
Nie tylko 0 zł za konto. Sprawdź, które rachunki firmowe naprawdę się opłacają

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