Mylan Inc Gets Clearance Takeover Agila Specialties

Mylan gets clearance for $1.6-billion takeover of Agila Specialties

5:35 AM, 19th August 2013
Mylan Inc Business News

NEW DELHI, INDIA: Mylan Inc gets clearance for $1.6-billion takeover of Agila Specialties after Indian Prime Minister Manmohan Singh overruled objections from the department of industrial policy and promotion (DIPP) and health ministry, sending a positive signal to foreign investors as the country battles a sliding rupee.

Mylan’s application was cleared by Foreign Investment Promotion Board (FIPB) in July 2013, and after the decision on 16 August 2013, it is likely to be approved by the Cabinet Committee of Economic Affairs (CCEA). “The present proposals, before the Foreign Investment Promotion Board (FIPB) or as approved by it, will go through under the existing policy,” said Anand Sharma, Indian Commerce and Industry Minister.


© Worldofchemicals News 



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Boehringer Ingelheim to close API plant in Petersburg, US

PETERSBURG, US: Boehringer Ingelheim Chemicals Inc will close its Petersburg plant at the end of 2014. The facility will continue normal operations th ...

Read more
Murphy Oil appoints new President and CEO, Roger Jenkins

ARKANSAS, US: Murphy Oil Corporation has named Roger Jenkins to the position of President and Chief Executive Officer, effective from 30 August 2013. ...

Read more
BioNitrogen awards fertilizer plant contract to Casale

DORAL, US: BioNitrogen Holdings Corporation has signed an agreement with the Casale Group of Switzerland to employ its ammonia and urea plant technolo ...

Read more
Symrise, Gee Lawson extend esculin JV

HOLZMINDEN, GERMANY/LONDON, UK: Symrise BioActives and Gee Lawson are extending a cooperation, which began in 2011. Symrise BioActives manufactures hi ...

Read more
Accident at PTT’s gas separation plant ceases operations

BANGKOK, THAILAND: PTT Public Company Limited has ceased operations after an accident occurred at the Waste Heat Recovery Unit (WHRU) of the Gas Separ ...

Read more
Nanoparticles to recognize, attack cancer cells

GEORGIA, US: Researchers at the University of Georgia are developing a new treatment technique that uses nanoparticles to reprogramme immune cells so ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X