The Commission for Protection of Competition has permitted concentration of PharmaStore pharmacies2017-11-07

The Commission for Protection of Competition in Bulgaria has permitted concentration through acquisition of PharmaStore pharmacies by Sopharma Trading Jsc. The Regulator's decision comes after the company announced in March this year that it has reached the agreement and arrangement for the acquisition of PharmaStore pharmacies operations, with the intention of subsequently integrating them into the SOpharmacy family.

We would like to remind you that in 2015 Sopharma Trading Jsc. launched a new pharmacy concept under the brand SOpharmacy where an innovative approach in meeting health needs of patients was introduced. Now, the integration with PharmaStore will strengthen the market presence of both chains to ensure an even stronger response to the growing needs of Bulgarian patients for quality health services.The consolidation will also upscale the operations of Sopharma Trading Jsc. in the retail pharmacy market.

The official closing of deal is due.

Sopharma Trading AD published this content on 07 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 November 2017 13:03:03 UTC.

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