BRUSSELS APPROVES BOOTS’ TAKEOVER OF GERMAN PHARMA WHOLESALER
October 1st, 2008
BY KEITH NUTHALL
PERMISSION has been granted for the acquisition of sole control of Germany pharmaceutical wholesaler Megapharm GmbH Pharmazeutische Erzeugnisse by British retail chemist chain Alliance Boots. The European Commission has cleared the deal acting as European Union (EU) competition regulator for cross-border EU takeovers. Brussels concluded the purchase would not cause competition problems in Europe and imposed no conditions on Alliance Boots Holdings Ltd (which will formally acquire Megapharm) despite the UK firm also being involved in ...
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