“In accordance with the provisions of the Competition Law, this transaction must be authorized by the Competition Council, which will assess the operation in order to determine its compatibility with a normal competitive environment and will issue a decision within the deadlines set by law,” the institution’s representatives said.
The Minifarm chain includes pharmacies located mainly in Tulcea and Constanta counties, and is the largest network held by local entrepreneurs in Dobrogea.
Public data show that Minifarm ended last year with RON319 million revenue, RON3.4 million net profit and 499 employees compared with RON250 million revenue, RON4.6 million net profit and 460 employees the previous year, according to mfinante.ro.
The pharmacies to be taken over are also active in the retail of pharmaceutical and parapharmaceutical products through specialized stores. Finance Ministry website shows Farmacia Elixirfarm Impex posted RON26 million revenue and RON115,089 profit in 2022, while Farmacia Kogalniceanu posted RON10.7 million revenue.
(English version by Loredana Fratila-Cristescu)