Hoechst may sell veterinary unit

07 June 1999

Hoechst may sell veterinary unit

Hoechst, the German pharmaceuticals company merging with
Rhone-Poulenc, is considering proposals to dispose of its veterinary
supplies business, worth about $1bn.

The sale, HR Vet, is thought to be part of a Euro16bn ($16.4bn)
disposal programme agreed as part of Hoechsts merger with the French

The veterinary business develops, manufactures and supplies products
for farm and domestic animals. Its products include anti-parasitics,
vaccines and feed additives but it has recently suffered static growth.

The business reported sales of DM 878m (Euro449, $463m) in 1998 – a
decline of 2.6% on the previous year. Operating profits at the business,
fell by almost 5% to DM 118m.

  • Financial Times 07/06/99 page 28

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