PP_1170x120_10-25-21

Sinopharm

WBA scales back stake in China joint venture

WBA scales back stake in China joint venture

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) plans to reduce its interest in Guangzhou Pharmaceuticals Corp., a pharmaceutical wholesale joint venture in China. WBA said Friday that, under the agreement, it will sell a 30% stake in Guangzhou Pharmaceuticals to Guangzhou Baiyunshan Pharmaceutical Holdings. After the proposed sale, which is pending regulatory approval and other