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Two Drug Distributors, Alliance Boots and Nanjing Pharma, Ink $91 Million Deal

publication date: Sep 17, 2012
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Alliance Boots, a global chain of retail pharmacies based in the UK, agreed to pay $91 million to purchase a 12% stake in China's Nanjing Pharmaceutical Co., a state-owned company that is the fifth-largest drug distributor in China. In June, Alliance merged with Walgreen, a US drug store chain, combining Alliance Boots’ strength in Europe and emerging countries with Walgreen’s US presence. Now the alliance has increased its foothold in China. More details....

Stock Symbols: (SHA: 600713) (NYSE: WAG)

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