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Samsung BioLogics acquired ₩2.8 trillion stake in Epis

By Ji Yong Jun | translator Choi HeeYoung

22.01.28 09:48:41

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Samsung Biologics acquired all Samsung Bioepis shares held by Biogen


 ¡ãView of Samsung BioLogics Plant 3 (Photo = Samsung BioLogics)

Samsung Biologics will acquire all of its shares in Samsung Bioepis held by its partner Biogen. Stock purchase funds are raised through a paid-in capital increase in shareholder allocation. Samsung BioLogics announced on the 28th that it has decided to acquire all 10,341,852 shares of Samsung Bioepis held by Biogen in the U.S. for $2.3 billion (about 2.7655 trillion won). Of the $2.3 billion cost of purchasing a stake in Samsung Bioepis, the acquisition price will be paid in installments over the next two years, excluding $50 million in "earn-out" costs, which will be additionally paid if certain conditions are met after the contract is signed. The contract will take effect from the time the first payment of $1 billio

Ji Yong Jun(jun1@dailypharm.com)
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