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Analysts largely neutral on Gland Pharma’s acquisition of Cenexi Group

Gland Pharma’s management expects to close the transaction by February/March 2023 and to fund the deal through internal accruals

November 30, 2022 / 03:30 PM IST
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Hyderabad-based Gland Pharma on November 29 said it had agreed to acquire 100 percent equity in French drug maker Cenexi Group for a value not exceeding 120 million euros.

The agreement was reached by Gland Pharma’s Singapore-based subsidiary, Gland Pharma International.

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Gland Pharma’s management expects to close the transaction by February/March 2023 and to fund the deal through internal accruals.