Invest in Bulgaria - The Preferred Partner of Investors Seeking Opportunities in Bulgaria
GUGUSHEV & PARTNERS is among the leaders on the Bulgarian legal market Comprehensive Organization of MBA and EMBA Study Trips in Bulgaria
FDI in Bulgaria (13)
Health (4)
Macroeconomic Data (49)
Business (361)
Investments (155)
Infrastructure (97)
Financial (126)
Economy (350)
Construction (14)
Politics (62)
Real Estate (27)
Interesting Facts (24)
Sports (10)
Software and Information Technology (28)
Real Estate (56)
Tourism (112)
Waste Management (9)
Automotive (23)
Electronics (3)
General (81)
Renewable Energy (66)
Agriculture (22)
Construction (90)
Food and Beverage (20)
Textile (2)

Bulgarian Competition Watchdog Approves Pharmaceutical Merger
Date: 06/01/2011
Bulgarian Competition Watchdog Approves Pharmaceutical Merger

Bulgaria's Commission for Competition Protection has approved the merger of the pharmaceutical manufacturer "Unipharm" with the largest "Sopharma," the Commission announced Thursday.

The merger will happen long-term; currently there are no changes at the two companies.

By the end of the third quarter of 2010, "Sopharma," had a nearly 50% stake at "Unipharm," compared to just below 6% at the beginning of 2009.

The "Sopharma" Director of Relations with Investors explains, until recently, there was no possibility to buy a significant share of the pharmaceutical manufacturer through the Bulgarian Stock Exchange (BSE), and for this reason "Sopharma" had applied with the Competition watchdog.

"Unipharm" shares trade at BSE for BGN 5.5, meaning the "Sopharma" shares are valued at over BGN 16 M.
The latest merger is just the next consolidation of "Sopharma," whose "Sopharma Logistics" department recently merged with "Sopharma Trading."

On Wednesday, the company announced its December sales were down 4% on annual basis – 6% down on the Bulgarian market and just 1% abroad.

For the entire 2010, however, "Sopharma" sales are up 13% and revenues are up 20%.

The company further informs they have registered a significant increase in orders from Russia for the first two months of 2011.

Topic: Business

Featured District
Invest Bulgaria Charts
Domestic Credit of Bulgaria
Domestic Credit of Bulgaria

Producer Price Index of Bulgaria (change %)
Producer Price Index of Bulgaria (change %)

See all charts
Did You Know?
Bulgarian Head Nod
Bulgarian Head Nod
When Bulgarians nod their heads up and down, they mean NO. When they move their heads from side to ... More

The town of Pernik is situated in a picturesque hollow in the western part of Middle Bulgaria along the upper reaches of the river Struma.

Intelligence Pathways - Outsource your Business, Competitive Intelligence or Back Office to Bulgaria

Bulgaria Translation - Full service Bulgarian Translation company

© Copyright 2004-2019 Invest Bulgaria Group Ltd, Sofia, Bulgaria. All rights reserved.

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

SEO оптимизация Bulgaria Translation Bulgarian Agriculture Bulgarian Textile Sofia Web Works Bulgarian Coins Intelligence Pathways Bulgarian Outsourcing

Crafted by Sofia Web Works. Maintained by Website Maintenance, the kings of Website Migration.

Our Featured Members