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Hypermarcas Signs Agreement With Ache, EMS and Uniao Quimica

Hypermarcas SA signed an agreement with Ache Laboratorios Farmaceuticos SA, EMS Participacoes SA e Uniao Quimica Farmaceutica Nacional SA to form a joint venture and create Bionovis SA, a biotechnical company that plans to invest 500 million reais in the next five years, according to a regulatory filing.

Hypermarcas will hold a 25 percent stake in the joint venture.

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