Bayer sells diabetes business to Panasonic for €1bn
Bayer
Frankfurt - AFP
German pharmaceuticals and chemicals giant Bayer said Wednesday it has agreed to sell its diabetes care business to Panasonic Healthcare Holdings for 1.022 billion euros ($1.2 billion).
"Bayer has entered into a definitive agreement to sell its Diabetes Care business to Panasonic Healthcare Holdings," which is 80-percent owned by US investor KKR and 20-percent by Panasonic Corporation, the German company said in a statement.
The sale covers Bayer's portfolio of blood glucose monitoring meters and strips, as well as lancing devices.
"Closing of the transaction is subject to customary conditions, including relevant antitrust clearance, and is expected to occur in the first quarter of 2016," Bayer said.
- Saturday ,13 January GMT 19:16 2018 China shuts Marriott website over Tibet error, scolds other firms
- Wednesday ,03 January GMT 13:49 2018 China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval fails
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens more
GMT 09:57 2016 Wednesday ,23 March
cartoon two
GMT 10:22 2016 Wednesday ,23 March
cartoon twelve
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 15:37 2015 Friday ,30 October
Sarkozy's influence influenced Qatar World Cup vote
GMT 10:22 2016 Wednesday ,23 March
cartoon thirteenGMT 11:55 2012 Friday ,29 June
Sally Field\'s $2.3 million home
GMT 09:08 2017 Saturday ,12 August
Reham reveals most difficult role in career
GMT 10:20 2018 Saturday ,06 January
Pro-regime rallies due in Tehran as US imposes sanction
GMT 17:39 2018 Wednesday ,03 January
Norway powers ahead electrically with over half of new car sales now electric or hybrid
GMT 10:15 2018 Wednesday ,03 January
Brisbane too hot for Muguruza as Murray also withdraws
GMT 08:48 2017 Sunday ,29 October
United Airlines launches longest flight
GMT 19:25 2014 Tuesday ,21 October
18 phrases use to get people to trust them
GMT 19:48 2017 Thursday ,12 October
Larsen returns injured from Denmark World Cup duty
GMT 08:12 2018 Thursday ,04 January
Etihad Aviation Group celebrates 2018
GMT 09:31 2018 Wednesday ,03 January
Big seeds tumble out of Qatar Open
GMT 18:04 2017 Thursday ,28 December
Miners boost stocks in thin holiday trading
GMT 12:16 2017 Tuesday ,21 November
perched in Jerusalem's hills may soon vanish
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor