AstraZeneca’s Dental Unit Lures More Than 10 Bidders, Mail Says

The sale of AstraZeneca Plc (AZN)’s Astra Tech, a Swedish unit that makes dental implants and medical devices, has attracted bids from more than 10 companies, the Mail on Sunday reported, without saying where it got the information.

The unit, which is worth 1.3 billion pounds ($2.1 billion) according to the newspaper, received bids from U.K. buyout firm Cinven Ltd., France-based PAI Partners, and U.S.-based Warburg Pincus LLC and Zimmer Holdings Inc. (ZMH), the newspaper said.

AstraZeneca and JPMorgan Chase & Co, which is managing the sale, declined to comment to the newspaper.

To contact the reporter on this story: Agnes Lovasz at alovasz@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.