403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Walgreens to invest in a Chinese pharmacy
(MENAFN) U.S. pharmacy giant Walgreens Boots Alliance has declared investing 2.767b RMB in a leading pharmacy chain in China, to improve its investment in the country.
After making the deal with China National Accord Medicines Corporation Ltd. to become an investor in its supplementary Sinopharm Holding Guoda Drugstores Co., Ltd (Guo Da), Illinois based Walgreens would take a 40% stake in Guo Da.
CEO of Walgreens said: "excited about the opportunity to further invest in the country's fastest growing retail pharmacy sector," adding that his company has had a presence in China for nearly 10 years.
Walgreens is already a member of a joint venture in China, called Guangzhou Pharmaceuticals, which is a drug wholesaler in the country, that operates pharmacies under a local brand.
After making the deal with China National Accord Medicines Corporation Ltd. to become an investor in its supplementary Sinopharm Holding Guoda Drugstores Co., Ltd (Guo Da), Illinois based Walgreens would take a 40% stake in Guo Da.
CEO of Walgreens said: "excited about the opportunity to further invest in the country's fastest growing retail pharmacy sector," adding that his company has had a presence in China for nearly 10 years.
Walgreens is already a member of a joint venture in China, called Guangzhou Pharmaceuticals, which is a drug wholesaler in the country, that operates pharmacies under a local brand.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment