iDeals™ VDR Used by Sistema JSFC and Fresenius Kabi’s New Pharma Joint Venture
April 25, 2014
On April 25, 2014, binding agreements between Sistema JSFC, the largest publicly-traded diversified holding company in Russia and the CIS; Fresenius Kabi, a global healthcare company; and, Zenitco Finance Management, a minority shareholder of CJSC Binnopharm, were signed to create a joint venture to expand within the Russian and CIS pharmaceuticals market. 
Fresenius Kabi, Sistema JSFC and Zenitco’ stakes in the newly created venture, which will include 100% of Binnopharm and all of Fresinius Kabi’s business in Russia and CIS, will be 51%, 37% and 12%, respectively. The deal will allow Fresenius Kabi to use and develop Binnopharm’s existing production facilities and distribution network. Pre-merger processes and document exchanges were efficiently and securely transacted via an iDeals™ Virtual Data Room.
The deal is still subject to approvals of the Federal Antimonopoly Service and the Government Commission on Monitoring Foreign Investments of the Russian Federation, and is expected to be finalised by the end of 2014. Financial details of the agreement have not yet been disclosed.
iDeals™ Solutions has been a provider of secure document management services to the investment, legal and life sciences sectors since 2008. Our flagship product is iDeals™ VDR, a next-generation application that is utilized by companies and leading advisors in over 30 countries around the world.
For further information, visit the iDeals™ Solutions website (www.idealscorp.com) or contact the nearest office in your region:
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