Darya to sell unit to Swiss firm

Thu, 01 Aug 2002, 00:00 WIB

JAKARTA: PT Darya-Varia Laboratoria of Indonesia said Thursday
its shareholders approved the sale of a 70 percent stake in unit
PT Wigo Distribution Farmasi to Switzerland's Zuellig Pharma
Holdings Ltd. for $6.3 million.

Darya, a pharmaceutical concern, said the proceeds from the
sale will be used to repay part of a $11 million debt.

The company said after the sale it will have a 30 percent
stake in Wigo. -- Dow Jones

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