Fresenius Kabi invests in Indonesian drugmaker

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Fresenius Kabi AG, a German pharmaceutical company, announced today that it has agreed to buy a 51% stake in Indonesian drug maker PT Ethica Industri Farmasi from PT Soho Global Healthcare.

The deal could be worth as much as US$200 million. This makes Fresenius Kabi the latest foreign company to invest in this growing health-care market.

"The joint venture therefore provides an attractive platform for Fresenius Kabi's future growth in one of the fastest-growing emerging economies in Southeast Asia,"

Fresenius Kabi, in a statement.

The transaction is expected to be completed by the third quarter of this year.