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German chemistry giant to purchase Turkish company

28 November 20171 min reading

Merck, one of the largest pharmaceutical and chemical companies in the world, has come to the table with the company owner Vimar Gıda, to purchase the company named Vilsan Veterinary.

merckMerck, three and a half centuries old German pharmaceutical and chemical giant, has made an agreement to purchase Vilsan Veterinary Medicines. After the approval of the Competition Authority, the company will also issue the last signatures required to transfer the shares. This will be first investment of Merck in Turkey in this field. Thus, a global player will enter the Turkish animal food and health market, where Indian Alivira, Kuwaiti finance company NBK, and US investment fund Riverside are involved. Merck, with more than 50 thousand employees in 70 countries, was founded in 1668. The company traded on the Frankfurt Stock Exchange closed the last year with a turnover of 15 billion Euros.

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