Zentiva Completes Voluntary Tender Offer for APONTIS PHARMA

Deal News | Dec 09, 2024 | PR Newswire Cision Zentiva

Zentiva AG, a fully owned subsidiary of Zentiva Pharma GmbH, has successfully completed the voluntary public tender offer for the shares of APONTIS PHARMA AG, a leading pharmaceutical company in Germany. Following the completion of the offer, Zentiva now holds approximately 83.57% of the share capital and about 85.27% of the voting rights of APONTIS PHARMA. The investment agreement between the two companies stipulates the delisting of APONTIS PHARMA's shares from public trading immediately upon settlement of the offer. Zentiva's strategy focuses on providing affordable medications across Europe and aims for sustainable growth through both organic and inorganic means. This acquisition of APONTIS PHARMA aligns with Zentiva's goals of expanding its portfolio, particularly in cardiovascular medicine. While the tender offer is not subject to Germany's WpÜG (Securities Acquisition and Takeover Act), Zentiva reserves the right to acquire additional shares through alternative means. APONTIS PHARMA, known for its innovative single-pill combinations, primarily addresses cardiovascular diseases and aims to improve patient adherence to treatment. The acquisition supports Zentiva's broader strategy of expansion within Europe, emphasizing growth in key therapeutic areas. Zentiva's acquisition does not require a delisting offer under the circumstances, simplifying the process. This transaction highlights Zentiva's ambition to strengthen its position in the pharmaceutical market through strategic acquisitions that enhance its capacity to offer a comprehensive range of healthcare solutions.

Sectors

  • Pharmaceuticals
  • Healthcare

Geography

  • Germany – Both Zentiva and APONTIS PHARMA are based in Germany, playing a significant role in the regional healthcare market.
  • Europe – Zentiva's operations span across Europe, which is central to its business strategy and recent acquisition activities.

Industry

  • Pharmaceuticals – The article concerns Zentiva's acquisition of APONTIS PHARMA, both of which operate in the pharmaceutical industry, focusing on medication production and distribution.
  • Healthcare – This sector is relevant as both Zentiva and APONTIS PHARMA aim to enhance healthcare services through their pharmaceutical products.

Financials

  • Not specified – The financial details of the transaction specific to the valuation or price per share were not disclosed in the article.

Participants

NameRoleTypeDescription
Zentiva AGAcquirerCompanyA wholly owned subsidiary of Zentiva Pharma GmbH, pursuing strategic acquisitions to expand its footprint in the European pharmaceutical market.
APONTIS PHARMA AGTarget companyCompanyA German pharmaceutical leader known for single-pill combinations that improve patient adherence in cardiovascular treatments.
Zentiva Pharma GmbHParent company of AcquirerCompanyPart of the Zentiva group owning Zentiva AG, involved in manufacturing and distributing medications.