Servier Offers $483 Million To Buy Rest Of Hungarian Generics Maker Egis

After holding a 51% stake in Egis for 18 years, France's mid-sized pharma company Servier is now offering nearly $483 million to buy the rest of the Hungarian generics company.

Servier SA, France's largest private pharmaceutical company, has made a HUF 28,000 ($125.8) per share offer for the 49% of Hungarian generics maker Egis Pharmaceuticals PLC it does not already own. The buyout, worth 107 billion forints ($482.8 million), was announced on Sept. 24.

Servier’s move seems well-timed. Sales at the Budapest-based group are in decline - mainly because of regulatory changes in its...

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