RFCL, an ICICI Ventures company acquired an Ranbaxy company in Europe and is known to be in advanced stage of negotiations for the acquisition of another fine chemicals company in Europe, reports DNA. The combined revenues of the two companies stand at around Rs 3 billion. The life sciences and laboratory solutions provider RFCL is looking forward to acquire the second company by April 2008. RFCL, formerly known as Ranbaxy Fine Chemicals, was part of Ranbaxy Laboratories and was acquired by ICICI Ventures in 2005. , an ICICI Ventures company acquired an animal healthcare company in Europe and is known to be in advanced stage of negotiations for the acquisition of another fine chemicals company in Europe, reports DNA. The combined revenues of the two companies stand at around Rs 3 billion. The life sciences and laboratory solutions provider RFCL is looking forward to acquire the second company by April 2008. RFCL, formerly known as Ranbaxy Fine Chemicals, was part of Ranbaxy Laboratories and was acquired by ICICI Ventures in 2005.
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