09 Dec 2019 --- Swiss dairy and formula player Hochdorf has sold its majority stake (51 percent) in companies of the Pharmalys Group to Pharmalys Invest Holding, controlled by Amir Mechria. According to the company, the selling price reached approximately CHF 100 million (US$101 million) and the closing is expected within the next few days. The decision is a major step toward the company’s financial recovery and a bid to increase strategic flexibility, according to the company. However, the cooperation between the company and the Pharmalys Group is to be maintained, while Pharmalys Invest Holding remains the largest shareholder of the Hochdorf Group.
