Czech pharmaceutical giant to buy Turkey's Eczacibasi

The Czech Republic's biggest pharmaceutical company, Zentiva, says it has agreed to buy a 75-percent stake in Turkey's biggest drug company Eczacibasi Generic Pharmaceuticals for 460 million euros. The Czech company, which already has plants in Slovakia and Romania, added that it will also have the right to buy the remaining 25 percent of the company within two years. Zentiva's biggest shareholder is French-based drugs company Sanofi Aventis which has a 24.9-percent stake. Zentiva shares are traded on the Prague and London stock exchanges.