Alliance Boots completes acquisition in Latin America

Alliance Boots has completed its acquisition of the Farmacias Ahumada pharmacy chain in Latin America.

The acquisition comprises two main businesses which together operate over 1,400 stores with combined revenues of around £835 million.

Farmacias Benavides is the third largest retail pharmacy chain in Mexico with around 1,000 stores, and Farmacias Ahumada is one of the three largest retail pharmacy chains in Chile with around 400 stores.

Earlier this month US drugstore giant Walgreens announced that it had exercised its option to buy the 55% of Alliance Boots that it does not already own. The transaction will result in the two companies becoming the global leader in pharmacy-led, health and wellbeing retail with over 11,000 stores.

RELATED ARTICLES