November 29, 2020

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Coucke and Perrigo finally cross swords on the sale …

Coucke and Perrigo finally cross swords on the sale ...

Marc Coucke

Photo: Photo News

The arbitration proceedings over the sale of Omega Pharma between Marc Coucke, the investment fund Waterland and the pharmaceutical giant Perrigo will begin on Monday.

Due to the corona pandemic, the proceedings before the Cepani court of arbitration are taking place a few months late and completely digitally. This is what De Tijd writes.

The process revolves around the sale of Omega Pharma to Perrigo by Coucke and Waterland in early 2015. The Americans put 3.8 billion euros on the table to recruit the Flemish specialist in non-prescription drugs.

Perrigo felt betrayed after the takeover. She accuses Coucke and Waterland of fraudulently plotting Omega Pharma’s finances in order to negotiate a higher sale price. Coucke and Waterland contest.

The American pharmaceutical company filed a lawsuit against Coucke and Waterland worth 1.9 billion euros. Coucke filed a counterclaim.

Cepani (Belgian Center for Arbitration and Mediation) must take 4 to 6 weeks of action. A final decision will be made in the next year at the earliest.