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Combination of Sartorius AG Biotech Division and Stedim Incorporated


6/29/2007 2:09:52 PM

GOETTINGEN, Germany & AUBAGNE, France & PARIS--(BUSINESS WIRE)--The combination of the Biotechnology Division of the German company Sartorius AG (FWB:SRT) and French-based Stedim S.A. has been wrapped up. Today, on Friday, June 29, 2007, Sartorius AG acquired the share package from the Stedim founders. At the extra-ordinary general meeting that took place afterwards in Paris, Stedim shareholders approved the contribution of the carved-out Biotechnology Division from Sartorius into Stedim and thus the increase in capital this entailed. Therefore, Sartorius AG is the majority shareholder with a controlling stake in the new company.

Read at BioSpace.com

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