Oct 5 Teva Pharmaceutical Industries Ltd
said on Wednesday it would sell Allergan Plc's
generics business in the UK and Ireland to India's Intas
Pharmaceuticals Ltd for 603 million pounds ($769.37
The sale was part of Teva's deal with the European
Commission to get approval for the acquisition of Allergan's
generics business, called Actavis Generics.
The company said it expected the sale to close in the next
Teva completed the $40.5-billion acquisition of
Allergan's generics business in August.
Actavis, which closed its $70.5 billion acquisition of
Allergan in May 2015, had retained the Allergan name.
Greenhill & Co is Teva's financial adviser, while Rothschild
& Co is advising Intas.
($1 = 0.7838 pounds)
(Reporting by Akankshita Mukhopadhyay in Bengaluru; Editing by