Recordati Increases Presence In Turkey

Leading Italian drugmaker Recordati increased its profile in Turkey following the acquisition of local manufacturer Yeni Ilaç. The deal - valued at EUR48mn (US$63mn) and funded from existing liquidity - is the Italian firm's second major expansion in Central and Eastern Europe (CEE) in 2008 and represents the company's strategy of increasing its exposure in more dynamic

To read the full article, please choose one of the following options: