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Novo Nordisk selling vitamin/OTC unit Ferrosan to management buy-out group.

This article was originally published in The Tan Sheet

Executive Summary

FERROSAN ACQUIRED FROM NOVO NORDISK IN MANAGEMENT BUY-OUT, Copenhagen, Denmark-based Novo Nordisk announced Nov. 6. Novo Nordisk reported that it has agreed to sell a controlling interest in its Ferrosan vitamin and OTC products business in Europe to a management group for 400 mil. Danish kroner.
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