Get Your Wagons In A Circle, The Indians Are Coming
Acquisitions in Europe and the US by Indian companies, particular in the pharma and medical industries, are expected to rise.
The chief executive officer of Asia’s largest vaccine maker said he will consider selling a stake to private equity investors as he hunts for acquisitions … Closely held vaccine maker Serum Institute of India Pvt. Ltd. has the ability to raise as much as $3 billion through a combination of debt and equity, Chief Executive Officer Adar Poonawalla said in an interview.
“This is the lull before the storm. You are going to see either acquisitions or mergers.” Poonawalla declined to say which companies he expects to come up for sale but added in an e-mail that no other single vaccine company in the developing world would be… Read Morethumbnail courtesy of bloomberg.com