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Romania's A&D Pharma eyes Bulgaria

Date: 11.11.2007

Romanian pharmaceutical group A&D Pharma has been drafting a programme for regional expansion. At present, Romania was exploring opportunities in Bulgaria, as well as in Ukraine, Slovenia, Macedonia, Croatia, Serbia and Montenegro.

A&D Pharma confirmed the news from investor.bg and added that Bulgaria has been under serious scrutiny, yet declined to give more detailed information.

At present, A&D Pharma has been present only on its home market and in Moldova through its subsidiary Elantis Farm.

A&D Pharma is majority-owned by Dutch investment company Sograno BV, in turn indirectly owned by Smooth Winds Ltd., Breezi Carm Holdings Inc. and Wynding Investments Inc., all registered in the Virgin Islands.

A&D Pharma has been trading on the London Stock Exchange for a year and its market capitalisation at present hovers around 566 million euros. The company is considering floating shares on another bourse, but it is yet to make a final decision.

A&D Pharma reported 199.1 million euro turnover, a 35 per cent year-on-year increase for the first six months of 2007.

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