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PPF of the Netherlands withdraws bid for Zentiva

This article was originally published in Scrip

Executive Summary

The Amsterdam-basedPPF Group, which bid for Zentivaoffering CK950 ($66) for each of its shares through Anthiarose, its subsidiary, has withdrawn its offer. PPF said it was unsure about Zentiva's real value and about some recent actions by the company's management.

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