Turcan Cazac has advised Gedeon Richter Plc. on the sale of its Moldovan subsidiaries Gedeon Richter-Retea Farmaceutica SRL and Rihpangalfarma SRL to the Felicia Group. Brodsky Uskov Looper Reed & Partners advised the buyer.
Financial details of the transaction were not disclosed.
Gedeon Richter and the Felicia Group are Hungarian and Moldovan biopharmaceutical companies, respectively.
According to Turcan Cazac, following the transaction “Gedeon Richter will no longer operate branded retail pharmacies in Moldova.”
Turcan Cazac’s team included Managing Partner Alexander Turcan, Partners Vadim Taigorba and Ana Galus, Associate Mihai Gutu, and Junior Associate Catalina Birsanu.
Brodsky Uskov Looper Reed & Partners’ team consisted of Partners Ivan Turcan and Svetlana Mantaluta.