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TURKEY - Global Finance buys stake in Biofarma

A
11 May 2007

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Greek private equity firm Global Finance is the latest investor to purchase a stake in Turkish pharmaceutical business Biofarma.

Biofarma was recently acquired by Partners in Life Sciences (PiLS) and Citigroup Venture Capital International (CVCI). The company, founded in 1945, is the largest generic pharmaceutical producer in Turkey. Its product portfolio includes antibiotics, antirheumatismals, anti flu and anti hypertension drugs, vitamins, diuretics, laxatives and hormone preparations.

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