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This Article is From Oct 05, 2020

Biotest Says Talks With Private Equity Investor at Early Stage

Biotest Says Talks With Private Equity Investor at Early Stage

German blood-plasma supplier Biotest AG said Sunday that talks about a possible private equity investment in the company are “at an early stage,” responding to a Bloomberg story that said that private equity firm Triton had approached its majority shareholder Creat Group Corp. about buying a stake.

“The consultations are at an early stage and there is no certainty that they will lead to a transaction,” Biotest said in a statement.

Biotest added that China-based Creat had informed its board that no sale process has been initiated to date nor any decision made about a future sale.

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©2020 Bloomberg L.P.

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