CHISINAU (Moldova), January 29 (SeeNews) – Moldova’s competition authority said that it will analyse the proposed takeover of local drug wholesale and retail operations of Hungarian-based pharmaceutical and biotechnology company Gedeon Richter by pharmaceutical group Felicia.
In order to determine if the concentration is compatible with a normal competitive environment, the Competition Council will consider the notified transaction under the merger regulation, it said in a statement on Wednesday.
Felicia plans to acquire drug wholesaler RihPanGalFarma, a drug wholesaler established in 1996 as a joint venture by Gedeon Richter and pharmacy chain Gedeon Richter – Retea Farmaceutica, set up in 2008.
The takeover would take place through the two companies that form the Felicia pharmaceutical group – Grin-Farm and Birivofarm. Felicia Group was founded in 1997 in Chisinau by Moldovan businessman Dorian Berdos. At the end of 2019, the pharmaceutical network employed over 1,000, according to data from the finance ministry.
Gedeon Richter is a Hungarian multinational headquartered in Budapest, Hungary.
