Companies / Turkey
Interest In Selcuk Ecza Surges
May 2006 | Company Finance AlertTurkish drug distributor Selcuk Ecza has seen demand for shares soar after its US$180mn offering for a 20% stake in the company. According to reports, the IPO was 9.65 times oversubscribed. The company is one of the leading drugmakers in Turkey with an estimated market share of 35% and distributes to 19,000 pharmacies. In 2005, sales increased 44% to US$2.05bn with net profit up 94% to
Sorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Middle East & Africa Pharma & Healthcare Insight and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Middle East & Africa Pharma & Healthcare Insight please click on the trial link below.
