AstraZeneca says sells dental unit for $1.8 billion

22nd June 2011, Comments 0 comments

Anglo-Swedish pharmaceuticals giant AstraZeneca said Wednesday it had agreed to sell its dental unit Astra Tech to US dental implant manufacturer Dentsply for $1.8 billion (1.25 billion euros) in cash.

"Following a comprehensive strategic review, we believe this transaction represents an excellent outcome for AstraZeneca shareholders," AstraZeneca chief executive David Brennan said in a statement.

© 2011 AFP

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