Roche in Novo Nordisk takeover rumour  

2003.03.31
Having acquired insulin pump maker Disetronic, Roche is rumoured to be preparing a bid for diabetes care giant Novo Nordisk

Rumours are circulating that Swiss pharmaceutical giant Roche is contemplating a bid for Denmark’s largest medical group Novo Nordisk – one of the two companies that dominate the global diabetes market. Speculation about a possible bid is fuelled by the fact that Roche recently acquired Disetronic, the world’s second biggest manufacturer of insulin pumps, at a cost of approximately DKK 8.4 billion (USD 1.2 billion). Co-Managing Director in the holding company Novo A/S Henrik Gürtler says that no offer has been received from Roche.

 

Novo A/S, which is 100% owned by the Novo Nordisk Foundation, has 27% of the share capital in Novo Nordisk and approximately 70% vote share. The Danish Labour Market Supplementary Pension Fund (ATP) is the second largest shareholder with almost 7% (around 3% of the votes) while Capital Group was recently revealed as the third largest shareholder with 5.01% of the share capital (around 2% of the votes). The news is published in national newspaper Jyllands-Posten.

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