An investment from US-based billionaire businessman Len Blavatnik would help Teva Pharma deal with its nearly $35 billion debt burden. Photo: BloombergJerusalem: Billionaire businessman Len Blavatnik is looking to buy a significant stake in debt-ridden Israeli drugmaker Teva Pharmaceutical Industries Ltd, according to Israeli media reports. The Marker reported that Blavatnik was looking to acquire up to a $3 billion stake in Teva. Allergan received a 10% stake in Teva as part of a 2016 deal in which Teva bought its generics business for $40.5 billion. Blavatnik’s Access has investments in real estate, chemicals, media and technology with Warner Music among its highest profile businesses.

Source: Mint November 05, 2017 12:56 UTC