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Uriach spins out part of its Palau subsidiary

Executive Summary

Spanish pharmaceutical company Grupo Uriach is raising €40mm (about $50mm) in project funding for its R&D division by spinning off a minority stake in it to four financial investors. Uriach still maintains control of the business, which will be called Palau Pharma SA.
Deal Industry
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • Private Placement
    • Spin-Off

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