REG-ECO Animal Health Group plc, Acquisition
Released: 05/01/2010
5 January 2010
ECO Animal Health Group plc
PURCHASE OF ECOPHARMA INC. IN JAPAN
ECO Animal Health Group plc is pleased to announce that its subsidiary ECO
Animal Health Limited (ECO) has completed the purchase of the 80 per cent of the
share capital of Ecopharma Inc.( Ecopharma) that it did not already own. The
consideration of Yen 180 million (£1,234,612 at £1 = Yen 145.79) has been
satisfied in full from the Group's cash resources.
This acquisition strengthens ECO's position in the important Japanese market
where Tokyo based Ecopharma is a major distributor of pharmaceutical products
for animals including Aivlosin#, ECO's patented macrolide antibiotic.
Contacts:
ECO Animal Health Group plc Marc Loomes 020 8447 8899
Spiro Financial Anthony Spiro 020 8336 6196
Cenkos Securities plc Stephen Keys 020 7397 8926
(Nominated Adviser)
ECO Animal Health Group plc is a leader in the development, registration and
marketing of pharmaceutical products for animals. Our products for these global
growth markets promote well-being. Our financial goals are achieved through the
careful and responsible application of science to generate value for our
shareholders.