TPG To Buy A Stake In Russian Pharmaceutical

Private investment firm TPG is to buy a 50% stake in Russian pharmaceutical distributor SIA International. TPG has said that the deal, worth US$800mn, is the biggest investment by a private equity firm in Russia. SIA International is one of six major players in the Russian pharmaceutical wholesale market, with a reported 23% market share. The company posted revenues of US$2.7bn in 2007, with 90% of sales coming from supplying drugs to some 30,000 retail pharmacies.

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