Zentiva will launch a buyout offer for the remaining shares in Sicomed next week. Zentiva currently owns 50.98% for USD 102m. The buyout price is EUR 1.37 per share, valuing the remaining stake at USD 92.5m. The transaction should be completed by the end of the year. Zentiva also plans to de-list Sicomed from the Bucharest Stock Exchange. In our projections, we have assumed that Zentiva will gain 100% control of Sicomed.