Smith and Nephew (UK) takes 60% stake in Portuguese distributor:
This article was originally published in Clinica
Smith & Nephew (UK) has purchased a 60% interest in the medical division of its Portuguese distributor, Inibsa. The new venture will be named Smith & Nephew Lda and will become a wholly-owned subsidiary in 1998. Smith & Nephew, which will pay £160,000 ($256,000) initially and a further £100,000 in three years' time, says it will be stepping up its activities in Portugal following the acquisition.