Stada Bags A Majority 72% Stake In Vietnam’s Pymepharco

The German firm’s holding moves up from 49%, as it eyes a firm foothold in “one of the key growth markets in Asia.” By the end of next year, however, Stada plans to divest its stake in another of its joint ventures in the country.

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Stada's stake in Vietnam's Pymepharco rises to 72% • Source: Shutterstock

Stada Arzneimittel has “an excellent basis for becoming a key leader in Vietnam,” after officially increasing its holding to 72% in Tuy Hòa-based player Pymepharco, the second-largest generics manufacturer in the country.

In October, Pymepharco’s board of directors approved plans to allow foreign companies to own a 100% share of the company,...

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