One of the largest drug manufacturers in Moldova JSC Farmaco has increased its authorized capital by another 41.25 million lei - up to 174.03 million lei.
As noted in the message of the company, the authorized capital of the company was increased due to an additional issue of shares in the amount of 41 million 254 thousand 371 lei, carried out by converting the company's debts. In particular, within the framework of the VI additional closed issue of shares, 1 114 983 shares were issued for a total of 41 million 254 thousand 371 lei. The placement price of one share is 37 lei. As a result, the authorized capital of JSC Farmaco after the additional issue increased to 174 million 029 thousand 426 lei. At the same time, the owner of the company - Swiss Tauralp Pharm Holding AG increased its share in the authorized capital of Farmaco from 99.06% to 99.28%. It should be noted that within the framework of the previous, 5th additional issue of Farmaco, 2,385,980 were issued in the amount of 88 million 281 thousand 280 lei, and the company then increased its authorized capital from 44 million 493 thousand 795 to 132 million 775 thousand 075 lei , and Tauralp Pharm Holding AG then increased its share in the authorized capital of Farmaco from 97.19% to 99.06%. As InfoMarket agency reported earlier, the pharmaceutical company Farmaco (Chisinau) is one of the largest manufacturers of medicinal products in Moldova and the oldest pharmaceutical company in the country, which began its activity in 1939 with the creation of the chemical-pharmaceutical laboratory “Farmaco”. Until 1998, Farmaco was the only domestic pharmaceutical manufacturer in Moldova. In 1998, the state-owned stake in Farmaco was sold to the Romanian-American company Europharm Inc., however, in 2002, Farmaco returned to state ownership due to Europharm Inc's failure to fulfill its investment obligations. In 2014, Farmaco was privatized again, 94.614% of the state's shareholding in the enterprise for 51.5 million lei was acquired by the Swiss company Tauralp Pharm Holding AG. Farmaco manufactures over 130 types of medicines. // 03.11.2021 — InfoMarket
