Chappes, France
April 29th, 1998
The Limagrain Group and Pierre Fabre have just finalised an agreement
for the sale of the Limagrain Group’s shares in Laboratories Dolisos to Pierre Fabre.
The scientific (development of life sciences) and economic (highly
concentrated competition) context in which the Limagrain Group operates has changed
considerably over the last few years. This situation meant that the Group’s financial
resources needed to be invested in biotechnologies and the development of its
agro-industrial business, as they more directly involved.
At the same time, considerable investment needet to be made in
Laboratoires Dolisos to obtain the industrial and marketing assets required for their
development.
It was therefore because of strategical priorities that the Limagrain
Groupe decided to sell its shares in Laboratoires Dolisos.
The Limagrain Group has found in Pierre Fabre a well-known, sound buyer
with a good reputation, who can provide Laboratoires Dolisos with every chance to develop
and aim to become one ot the world’s leaders in their sector.
