The world’s largest pharmacy retailer, Walgreens Boots Alliance American acquired 15% shares of “Pharmacy chain 36,6”, is spoken in the message of both companies, posted on Monday, April 11.
According to a source the newspaper “Vedomosti”, Walgreens has also granted an option to increase its stake in “Pharmacy chain 36,6” up to 85% over the next three years. Earlier on Saturday, April 9, a subsidiary of the group “36,6” LLC “Apteka-A. V. e” acquired 100% stake in the company Alliance Boots Holdings B. V., representing a holding structure of the Russian distribution business, Alliance Healthcare Russia (part of the Walgreens Boots Alliance), statement reads “36,6”.
“This transaction allows us to retain the necessary dynamics of development, is given in the message “36,6” the words of the General Director of “Pharmacy chain 36,6″ Vladimir Kintsurashvili. — We have reached a new level of product coverage for its retail and got the required impetus in the wholesale business. We managed to attract the largest international retail operator with rich experience in pharmaceutical retail. We gained access to experience and knowledge of one of the leading international companies. Undoubtedly, this deal will contribute to the development and enhancement of management level in the Group of 36.6 in all areas of the business”
“Pharmacy chain 36.6” is the largest operator of the Russian retail pharmacy market, according to rankings for 2015, compiled by the analytical company DSM Group. With the end of 2015 is in the process of merging with another major player in the Russian pharmaceutical market — pharmacy chain A5, which in the first nine months of 2015 took the 4th place ranking of DSM Group.
The deal allowed “Pharmacy chain 36,6” to become a leader in terms of turnover and number of points connected in a network, according to DSM Group. Total revenue of the companies by the end of 2015 amounted to 54.1 billion rubles, their share the Russian pharmaceutical market is 5.7%. At year-end “pharmacy chain 36.6” 1910 United more points. Walgreens Boots Alliance is the largest pharmacy chain in the U.S. and Europe, formed by the merger of Walgreens and Alliance Boots in December 2014, indicated on the company’s website. The company manages more than 13100 pharmacies and drogerie stores in 11 countries.