Milan Panić intends to return to Russian market

(Milan Panić)

- Former Yugoslav Prime Minister and former owner of "ICN Pharmaceuticals", Milan Panić, intends to return to Russian market - his advisor, Sergej Grizunov, said yesterday (December 15, 2009).

Grizunov told Beta agency that Panić, who is now the owner of company "PB Biomedicals", intended to invest few tens of millions of dollars in the first phase in takeover of Russian companies whose activities were close to his business.

- The branch office of the company has recently been opened in Moscow, and Mr. Panić intends to hire famous Russian experts from the fields of medicine and pharmacy - said Grizunov.

By selling the capital of "ICN Pharmaceuticals" in Russian market to oligarch Oleg Abramović in 2001, Panić left Russian market after seven years of presence.