Abbott completes acquisition of Russian drug maker

|About: Abbott Laboratories (ABT)|By:, SA News Editor

Abbott Laboratories (ABT -0.7%) finalizes its takeout of Russian pharmaceutical firm Veropharm. It acquired control of the company via its purchase of the holding company, Limited Liability Company Garden Hills, that owned ~98% of Veropharm, for 16.7B rubles (~$305M).

Previously: Abbott to buy Russian pharma company (June 23, 2014)

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