ECRM_1170x120_8-1-17

GuoDa

WBA finalizes investment in pharmacy chain GuoDa

WBA finalizes investment in pharmacy chain GuoDa

DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) today announced that, following receipt of regulatory approvals, it has completed the previously announced agreement to acquire a 40% minority stake in Sinopharm Holding GuoDa Drugstores Co., Ltd. (GuoDa), a leading retail pharmacy chain in China. WBA acquired the minority stake in GuoDa through a capital increase worth

WBA to buy stake in China’s GuoDa drug chain

WBA to buy stake in China’s GuoDa drug chain

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) plans to pay about $416 million to acquire a 40% stake in Sinopharm Holding GuoDa Drug Store Co. WBA confirmed the deal on Monday. GuoDa is the largest retail pharmacy operator in China, with nearly 3,700 stores. With stores in 70 major cities across the country, GuoDa is