Pharmstandard to Spin Off Over-the-Counter Business
The new company that is going to take over major drugmaker Pharmstandard’s over-the-counter business will assume the name OTCpharm, a news report said Thursday.
Russia’s Pharmacy Chain 36.6 sells Veropharm stake
MOSCOW Aug 29 (Reuters) – Indebted Russian drug store chain Pharmacy Chain 36.6 is selling its stake in drug producing unit Veropharm for 5 billion roubles ($151 million) as part of a business restructuring. The company said in a statement it had agreed to sell...
Personal service aggregator Eruditor raises $12 million
East-West Digital News Eruditor, a startup that helps users find hairdressers, fitness instructors, plumbers, or doctors via specialized service marketplaces, has just raised $12 million at an undisclosed valuation from Intel Capital, Frontier Ventures, and Runa...
Romania to start Nuclearelectrica IPO in Sept
BUCHAREST, Aug 28 (Reuters) – Romania will begin the initial public offering of a 10 percent stake in state-owned nuclear power producer Nuclearelectrica on Sept. 9, a government official was quoted as saying. In June, the leftist government of Prime Minister...
Merger Between Electronics Retailers Unravels
Aug 28 (Reuters) – Russia’s biggest home electronics retailer M.video said on Wednesday it would not go ahead with a proposed acquisition of closest rival Eldorado because they could not agree on terms. The company also cited requirements imposed by...