Companies / Argentina
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Argentina To Fine Sanofi-Aventis
May 2006 | Legal NewsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Argentine consumer watchdog CNDC has fined French drug major Sanofi-Aventis ARS0.83mn (US$0.27mn) for failing to notify finance ministry officials of merger plans in 2003. The acquisition of Aventis by Sanofi-Synthelabo created the world's third-largest drug company. In Argentina, notification of merger plans must be given within 185 working days.