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2009-03-18 Czech: Plans of Zentiva for Sanofi takeover

Czech generic drugs maker Zentiva called an extraordinary shareholders' meeting for April 2 to discuss Sanofi-Aventis` planned takeover of the company, it said on Tuesday. French drug firm Sanofi succeeded in February in a 1,150 crown per share takeover offer and raised its stake to 96.8 percent from 24.9 percent.

The deal valued Zentiva at 43.9 billion crowns ($2.14 billion).

Zentiva's board has since said it will start the process of de-listing the Czech firm from the Prague and London exchanges. (Reporting by Jason Hovet) ($1=20.53 Czech Crown).

Izabela Klockowska
Source: Reuters