DRL TO SIGN JV IN BRAZIL, TIE-UPS IN CHINA LIKELY
Article Abstract:
Dr Reddy's Laboratories (DRL) has decided to have a marketing alliance with Biochimico in Brazil to market its finished formulations through the distribution network of the Brazilian company. The company has projected sales of $10 million from Brazil in the second year. The initial investment in the venture will be $1 million accounting for 50 percent of Biochimico's equity. DRL is also negotiating with four Chinese companies to set up a manufacturing joint venture in China with one or more of them before March 1999. It plans to invest $5 million in the venture and may go in for more than one partner. (gsh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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Brazil's new beginning
Article Abstract:
The Brazilian government's privatisation programme has accelerated again in 1995 and the prospects for mergers and acquisition (M&A) advisers look good. Since 1991, 35 firms have been privatised, with some significant privatisations expected in 1996 and 1997. M&A activity is not just in the public sector: activity amongst private firms is increasing. There is strong and growing competition amongst M&A advisers, and interested firms such as law firms, banks and accountancy firms have tended to form consortia to bid for advisory contracts.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1995
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