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Biotest sheds U.S. business to allay U.S. concerns of Chinese takeover
Posted on Friday January 19, 2018
Biotest (BIOG.DE) said on Friday that it has sold its U.S. operations, allaying national security concerns by U.S. authorities and paving the way for the German company's sale to a Chinese investor. The Committee on Foreign Investment in the United States (CFIUS) had initially blocked the sale of the German blood plasma products maker to the Chinese investor Creat Group Corp. The sale of U.S. operations, to an undisclosed buyer and for an undisclosed price, means that Biotest's sale to Creat would proceed.
ADMA: Third Quarter 2017 Financial Results and Corporate Update
Posted on Monday November 13, 2017
By John Vandermosten, CFA NASDAQ:ADMA ADMA Biologics, Inc. (NASDAQ: ADMA) experienced its first full quarter merged with the Biotest Therapy Business Unit (BTBU) and reported 3Q:17 results on November ...
Takeover of plasma firm Biotest by China's Creat hits wall in U.S
Posted on Tuesday November 07, 2017
Chinese investor Creat Group Corp has withdrawn and will rework its application for U.S. approval of a planned takeover of Biotest amid concerns over national security, the German blood plasma products maker said, sending its shares sharply lower. Biotest, whose products are used to treat blood coagulation disorders, auto-immune diseases and immune deficiencies, agreed in April to be taken over by Creat in a 1.3-billion-euro ($1.51-billion) cash deal. It said on Tuesday, however, that the Committee on Foreign Investment in the United States (CFIUS) had national security concerns about the transaction that could not be eased under the planned deal structure.
Chinese Takeover of Biotest Faces U.S. Scrutiny
Posted on Monday October 30, 2017
Chinese investor Creat Group Corp.’s planned takeover of German blood plasma supplier Biotest AG is facing increased scrutiny from the U.S. government, according to people familiar with the matter, potentially ...