KentOnline

bannermobile

News

Sport

Business

What's On

Advertise

Contact

Other KM sites

CORONAVIRUS WATCH KMTV LIVE SIGN UP TO OUR NEWSLETTERS LISTEN TO OUR PODCASTS LISTEN TO KMFM
SUBSCRIBE AND SAVE
News

Potential buyer for Pfizer

By: Danny Boyle

Published: 11:00, 27 January 2012

Updated: 11:14, 27 January 2012

Pfizer in Sandwich

Pharmaceutical giant Pfizer is in negotiations with a potential buyer for its operation in Kent.

The drugs company has confirmed it is meeting with a consortium about the future of its base in Sandwich.

The firm announced nearly a year ago it would be closing its Kent site, which employed 2,400 people.

Pfizer has now confirmed it is in talks with a consortium called London and Metropolitan about buying the campus, called the Discovery Park.

mpu1

A Pfizer spokesman said: "Following a structured selection process, Pfizer has entered into a period of legal exclusivity with a consortium led by London & Metropolitan and financed by a major European institutional real estate investor, which could lead to the sale of the Discovery Park campus in Sandwich, Kent.

"This announcement is a positive milestone in the transition of the Discovery Park to becoming a multiple-use campus with Enterprise Zone status."

It announced in November that 650 jobs would remain at the Pfizer site.

More by this author

sticky

© KM Group - 2024