Gedeon Richter Tipped For M&A As Cash Pile Rises

‘Multiples Have Reduced And Stock Prices Fallen,’ Company Acknowledges

Gedeon Richter is keeping a keen eye on further business development opportunities, including M&A. The company is also continuing to tackle the impact of Russia’s invasion of Ukraine, observing that “there’s still not very much clarity on how the situation will evolve.”

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Richter is continuing to search for opportunities • Source: siam.pukkato

A senior analyst with Poland’s PKO Securities believes Gedeon Richter’s “sizable cash pile,” alongside existing “attractive industry valuations,” should “facilitate the resumption of its M&A strategy soon.”

The Hungarian firm reported a 24% quarter-over-quarter rise in its cash and cash equivalents to HUF74.0bn ($203m) for the three...

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