EU inspectors raid AstraZeneca

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.

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