Grindeks                                                    02.05.2005. 



JSC Grindeks informs about the acquisition of shares  of JSC Kalceks



On April 30, this year, JSC Grindeks purchased 1 198 611 shares of JSC Kalceks, 

obtaining 97,4% of the total stock capital of JSC Kalceks.



Purchase contract has been concluded aiming to take over the real estate and 

product portfolio belonging to Kalceks.



The estate property, owned by JSC Kalceks   and being situated in Riga, 6/8 and 

9 Street Zaļā, has a high market value, determined by its advantageous location – 

Riga historical centre. Taking into account this fact, the deal can be considered 

being financially profitable.



JSC Grindeks plans to dispose the manufacturing of Kalceks production in the plants 

of its cooperation partners in Lithuania, allowing to more effectively take advantage 

of the production capacities and guaranteeing the Kalceks production compliance with 

the principles of Good Manufacture Practice (GMP).



The inclusion of the production of Kalceks on the nomenclature list of  injections 

will present the opportunity to increase the common JSC Grindeks product offer in 

this category in the local market and abroad as well. 



Information provided by:

Jānis Romanovskis, 

Finance and Administrative director

JSC Grindeks

Tel. 7083250, 9226767

e-mail: janis_romanovskis@grindeks.lv