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Nov 24, 2023 16:44 EEST
November 24 (SeeNews) - Romania's competition authority said it has approved the acquisition by local pharmacy chain Minifarm of eight pharmacies owned by peer Elixirfarm Impex and one belonging to Farmacia Kogalniceanu.
The Competition Council determined that the notified deal poses no significant threats to the national market and that there are no serious doubts regarding its compatibility with a regular competition environment, it said in a press release on Thursday.
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The nine pharmacies that are the target of the transaction are located in Bucharest. The value of the acquisition was not disclosed.
Minifarm owns a chain of 100 pharmacies located in southeastern Romania and Bucharest. In 2022, the company booked a net profit of 3.4 million lei ($746,300/684,060 euro) on a turnover of 319.5 million lei, according to finance ministry data.
(1 euro=4.9703 lei)
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