Alliance Boots and its shareholders today announce the completion of the acquisition of a 51.65% stake in Andreae-Noris Zahn AG (“ANZAG”) for a total consideration of €143 million. The acquisition, which has been approved by the relevant competition authorities, increases the shareholding in ANZAG to 81.64%. A voluntary tender offer for the outstanding shares has been launched at €26.08 per share.
“ANZAG’s business model and customer offering is highly complementary to that of our Pharmaceutical Wholesale Division. In particular, partnerships with pharmacists are at the heart of both ANZAG and the Alliance Healthcare businesses across Europe and we will combine the best of the two offerings to make ANZAG the partner of choice for pharmacists in Germany.”
Alliance Boots is a leading international pharmacy-led health and beauty group offering a wide range of products and services to our customers working in close partnership with manufacturers and pharmacists. Our two core business activities are pharmacy-led health and beauty retailing and pharmaceutical wholesaling. Alliance Boots is privately-owned and employs over 115,000* people. Its wholesale and distribution network serves over 150,000* pharmacies, doctors, health centres and hospitals from over 360* pharmaceutical wholesale distribution centres in 16* countries. It operates more than 3,250* health and beauty retail stores in nine* countries, of which just under 3,150* have a pharmacy.
ANZAG is one of the three largest pharmaceutical wholesalers in Germany, Europe’s largest pharmaceutical market, where it operates 24 distribution centres serving approximately 8,000 customers of whom 1,100 are members of its virtual chain “Vivesco”. ANZAG also has pharmaceutical wholesale businesses in Lithuania and Romania and an associate in Croatia.
Vivesco is a trademark of Andreae-Noris Zahn AG
* Figures stated are as at 31 March 2010, are approximate and include associates and joint ventures.
Further information on the transaction can be found on: www.ahd-offer.com
For additional information, please contact:
- Yves Romestan / Sanam Conway - Alliance Boots - Tel: +44 (0) 1932 871400
- Katie Lang / Kirsty Flockhart - Finsbury - Tel: +44 (0) 20 7251 3801