18 May 2000
EU inspectors raid AstraZeneca
INSPECTORS from the EU have raided the offices of British life science giant AstraZeneca, reports The Guardian.
The European Commission confirmed on Wednesday (17 May) that officers from its competition services department searched the groups headquarters in Mayfair, London, and a research centre in Sweden.
The raids in February, during which documents seized, were part of an investigation into whether AstraZeneca had violated anti-monopoly laws.
Last year AstraZeneca and Novartis of Switzerland announced they were to merge their agribusiness sectors to create the worlds largest agrochemicals business.
The boards of both companies unanimously agreed to spin off and merge Novartis crop protection and seed business and Zeneca Agrochemicals.
The new company will be called Syngenta AG.
- EC to probe Syngenta deal, FWi, 20 March, 2000
- Novartis and AstraZeneca to merge, FWi, 02 December, 1999
- The Guardian 18/05/2000 page 26