In August 2008, Alliance Boots announced that it had signed a conditional agreement to acquire an initial 25% equity shareholding in Athos Farma, S.A., one of Brazil’s largest pharmaceutical wholesalers. As the conditions have not been met, Alliance Boots has chosen not to proceed with the investment.
Alliance Boots remains interested in the Brazilian pharmaceutical healthcare market.
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Alliance Boots is an international pharmacy-led health and beauty group with two core businesses, pharmacy-led health and beauty retailing and pharmaceutical wholesaling. Working in partnership with manufacturers and pharmacists, the Group delivers a range of products and services that help millions of consumers and patients look and feel their best. Formed on 31 July 2006, Alliance Boots is privately owned and employs over 110,000* employees. It has a presence in over 20* countries operating over 370* pharmaceutical wholesale warehouses delivering to over 135,000* pharmacies, doctors, health centres and hospitals. It operates more than 3,200* health and beauty retail outlets, of which over 2,900* have a pharmacy, dispensing more than 210 million* items each year.
* Figures stated are as at 31 March 2008, are approximate and include associates and joint ventures.
Yves Romestan/Zoe Farthing, Communications
Tel: +44 (0) 1932 871569
Zoe Watt/Kirsty Flockhart, Finsbury
Tel: +44 (0) 20 7251 3801