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Novartis Unwinds Roche Ties With $20.7 Billion Stake Sale.

Authors :
Kresge, Naomi
Source :
Bloomberg.com; 11/4/2021, p1-1, 1p
Publication Year :
2021

Abstract

For Novartis, the deal was attractive because Roche was willing to buy back the whole stake in a single transaction, allowing a clean exit, spokesman Jarvis said. Novartis owns 33% of Roche's voting shares, and Novartis has made a 10% annual gain on them over the past two decades. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
153425355