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Sequent Scientific provides update on subsidiary - Alivira Animal Health

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Capital Market

Alivira Animal Health acquires 70% stake in Interchange Brazil

Sequent Scientific announced that its subsidiary Alivira Animal Health has signed a definitive agreement to acquire 70% stake in Interchange Industria e Comercio de Produtos Veterinarios S.A. Brazil (Interchange Brazil).

The transaction is expected to close in the current quarter and subject to customary closing conditions and approval of the competent courts in Brazil. The acquisition will be made through a step down subsidiary in Brazil of Alivira Ireland, a wholly owned subsidiary of the Company.

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First Published: Apr 15 2016 | 10:46 AM IST

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