The Service of the Commission for the Protection of Competition has received a notification of a proposed concentration concerning the acquisition of part of the share capital of Emma Healthcare Holding Limited by LetterOne Investment Holdings S.A. (Lux), via L1 Health GP S.a r.l.
L1 Health GP S. a r. l. is a limited liability company, duly registered under the laws of Luxembourg and is the holder of the L1 Health business unit of LetterOne Investment Holdings S. A. (Lux). LetterOne Investment Holdings S. A. (Lux) is a private investment holding company based in Luxembourg, which targets investments mainly in the healthcare, telecommunications and technology sectors, and retail trade.
Emma Healthcare Holding Limited is a company duly registered under the laws of the Republic of Cyprus and consists of two main business units – Remedica and Sun Wave groups. Remedica is a pharmaceutical company specializing in the development, production and sale of high-quality, safe and effective pharmaceutical products for people. Sun Wave Pharma is a fast-growing alternative drug company that develops and markets nutraceuticals (high-quality dietary supplements) and over-the-counter (over-the-counter) products.