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ADQ to acquire Turkish pharmaceutical company BMG

ADQ to acquire Turkish pharmaceutical company BMG

Arab Finance: Abu Dhabi Developmental Holding Company (ADQ) has entered into an acquisition agreement with the Turkish sterile injectable products manufacturer Birgi Mefar Group (BMG), according to an official statement on June 13th.

The transaction is pending fulfillment of customary closing conditions, including regulatory approvals.

BMG is a provider of vials and pre-filled syringes used for vaccines. It also produces primary packaging ampoules and vials for other sterile injectables.

The Turkish company exports its products to over 30 countries across Europe and Asia.

“BMG's diversified offering and manufacturing capabilities make the company a strategic addition to our growing portfolio as we continue to shape the UAE’s healthcare and life sciences platform,” Executive Director - Healthcare and Life Sciences Portfolio at ADQ Fahad Al-Qassim said.

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