RUSSIAN PHARMACY CHAIN EXPANDS
February 1st, 2004
BY MARK ROWEONE of Russia's leading health and beauty retailers, Pharmacy Chain 36.6, has acquired 73 regional outlets in the southern (Russian Federation) Republic of Bashkortostan. The purchases involve the takeover by 36.6 of the local Leko pharmacy chain in the republic, including 30 stores in the capital city of Ufa and stores in 17 other cities across Bashkortostan.Independent Moscow analysts estimate the acquisitions were priced at around US$5 million and US$8 million. The company now owns more than 173 shops across Russia and 36.6 (the name refers to the ...
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