PLIVA Completes Divestment of Its Manufacturing Plant in Germany
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PLIVA d.d. announced that its German subsidiary AWD.pharma GmbH & Co. KG has completed the divestment of its manufacturing plant in Dresden, Germany.
The closing of the transaction will not have a material impact on PLIVA Group results for 2006 given that associated restructuring charges were reflected in Q4 2005 results. The transfer of production to more cost-efficient sites is ongoing and should be completed by 2008.
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