ALTANA AG Completes Sale of Pharmaceuticals Business to Nycomed.BAD HOMBURG, Germany -- ALTANA AG (NYSE NYSE See: New York Stock Exchange :AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. )(FWB (Fixed Wireless Broadband) See fixed wireless. :ALT)(GER GER German/Germany GER Gastroesophageal Reflux GER Geriatrics GER General Education Requirement GER Great Eastern Railway (UK) GER Gross Enrollment Ratio (education) GER Gain Electrons Reduction :ALT) has successfully completed the sale of ALTANA Pharma AG and its entire pharmaceuticals business to the Danish Nycomed on December 29, 2006. The preliminary total purchase price amounts to approximately [euro]4.6 billion. The transfer of ownership becomes effective on conclusion of December 31, 2006. The divestment of the pharmaceuticals activities ends the Group's involvement in two areas of business. After closing of the transaction ALTANA AG will focus on its specialty chemicals business. ALTANA AG announced the sale of ALTANA Pharma AG and its entire pharmaceuticals business to Nycomed on September 21, 2006. Following approval by the European and U.S. antitrust authorities, the shareholders of ALTANA AG also approved the sale at the Extraordinary General Meeting held on December 19. This press release is also available on the Internet at www.altana.com. |
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