Česká národní banka


CNB > Media service > Press releases of the CNB > 2008 > Extension of Zentiva takeover bid

Extension of Zentiva takeover bid

18 Sep 2008

The Czech National Bank has approved the request by Sanofi-Aventis Europe to extend its takeover bid for Zentiva N.V. shares by 10 weeks, until 28 November 2008. The reason for the extension is to provide additional time for it to obtain permission in the competition protection area, one of the prerequisites for successful completion of the takeover bid.

Pavlína Bolfová, CNB spokesperson