Novartis to Cut Debt Before Making Large Purchases, Blick Says

Novartis AG (NOVN) plans to further reduce its debt before making “large” acquisitions, Blick reported, citing Chairman Daniel Vasella.

Smaller purchases are still possible “in the near future,” Vasella said in an interview in today’s newspaper.

To contact the reporter on this story: Dermot Doherty in Geneva at ddoherty9@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net

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