Richter to Sell Romanian Wholesale, Retail Businesses

Pharma

Image by LaMography/Moni Lazar

Hungarian pharmaceutical company Gedeon Richter on Friday said it signed an agreement to sell its wholesale and retail businesses in Romania to Dr.Max Group member Mediplus Exim, according to a report by state news wire MTI.

Richter did not disclose the purchase price.

The transaction requires the approval of the Romanian competition authority.

Richter CEO Gábor Orbán noted that the agreement follows the divestment of similar non-core businesses in Moldova in 2021 and "further increases strategic focus on core activities".

"The sustained protection of high margins achieved by our highly specialized pharmaceutical business segment is of paramount importance to Richter management," he added.

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