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Tessenderlo completes sale of pharmaceutical ingredients business

4:52 AM MST | December 12, 2012 | Deepti Ramesh

Tessenderlo Group (Brussels) says it has completed the previously announced sale of its pharmaceutical ingredients subsidiaries Calaire Chimie (Calais, France) and Farchemia (Treviglio, Italy) to the International Chemical Investors Group, a private industrial holding company. Plans for the sale were announced last October. Information and consultation procedures were completed in early November, and following clearance by the merger control authorities, the sale was completed on 5 December, Tessenderlo says. The divestment is in line with Tessenderlo’s...

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