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ABT Abitare In Spa

4.27
0.04 (0.95%)
Last Updated: 09:10:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Abitare In Spa BIT:ABT Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.04 0.95% 4.27 4.29 4.33 4.38 4.27 4.38 2,296 09:10:00

Solvay CEO Sees No New Acquisition Before Closing Pharma Sale

28/09/2009 10:50am

Dow Jones News


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Belgian chemical and pharmaceutical company Solvay SA (SOLB.BT) is unlikely to announce any new acquisition before closing the sale of its pharma business to Abbott Laboratories (ABT), its chief executive said Monday.

"Don't expect anything before the closing," Christian Jourquin said during a press conference where he presented the sale of the pharma business, announced earlier Monday. The company won't spend money it doesn't have, he said.

Brussels-based Solvay expects to close the sale by the first quarter of 2010, and won't change its capital expenditure plans for next year, Jourquin said.

-By Alessandro Torello, Dow Jones Newswires; +32 2 741 14 88; alessandro.torello@dowjones.com

 
 

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