GlaxoSmithKline Plc (GSK), Eli Lilly & Co. and Pfizer Inc. (PFE) are among about half a dozen companies interested in buying a stake in Mustafa Nevzat Ilac Sanayii AS in a deal that may value the Turkish drugmaker at $1 billion, three people with knowledge of the situation said. The owners of Mustafa Nevzat, or MN Pharmaceuticals as the Istanbul-based company is known, have hired Bank of America Merrill Lynch to advise on the stake sale, said the people, who declined to be identified because the plans are confidential. Mylan Inc (MYL). and Abbott Laboratories (ABT) are also among the companies interested in bidding, they said. Merrill Lynch has sent so-called teasers to potential bidders and non-binding bids have begun to arrive, one of the people said, adding that the process started late last year.
