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Latin American pharma Biotoscana confirms in sale talks - filing

Published 2019-10-08, 09:31 a/m
© Reuters.  Latin American pharma Biotoscana confirms in sale talks - filing
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SAO PAULO, Oct 8 (Reuters) - Latin American pharmaceutical company Biotoscana Investments GBIO33.SA confirmed that its shareholders were in talks with investors about a sale, according to a securities filing on Monday.

"The company's shareholders are in talks with investors, but have not yet taken a decision on a transaction", it said, adding there would be a mandatory offering to all shareholders if the company's control changed.

Reuters reported on Monday that Brazilian pharmaceutical firm Eurofarma and Canada's Knight Therapeutics GUD.TO were in talks with Biotoscana's shareholders, led by private equity fund Advent International.

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