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Chongqing Zhifei Nixes Plan to Buy Bilthoven Biologicals

publication date: Jul 19, 2011
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Chongqing Zhifei Biological Products announced it will not pursue a plan to acquire Bilthoven Biologicals, a Dutch vaccine maker, explaining that the transaction was too risky. According to Zhifei, Bilthovern’s plans and operational methods were not what it expected. In May of this year, Zhifei announced a $93 million takeover of Bilthoven’s operations, which it positioned as a means of giving itself a foothold in Europe. More details....

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