Agence France-PresseFebruary 27, 2014 03:34
German pharmaceuticals giant Bayer, maker of Aspirin, said on Thursday it had signed an agreement to buy the privately-owned Chinese goup Dihon Pharmaceutical for an undisclosed sum.
Dihon specialises in prescription-free or over-the-counter (OTC) drugs and is one of China's leading groups in that segment, Bayer said in a statement.
It employs a workforce of 2,400 and generates annual sales of 123 million euros ($168 million).
Its products include the anti-dandruff treatment Kang Wang and Pi Kang Wang, a cream against skin fungus.