The transaction has already been approved by Romania’s Competition Council, in line with a press statement released by the antitrust body.
“Following an analysis, the Competition Council found the operation poses no significant obstacles in terms of actual competition on the Romanian market, or on a significant part of it and there is no serious doubt regarding its compatibility with the normal competitive environment”, according to representatives of the antitrust watchdog.
In 2022, Marcos Provit, a part of Evofarm Group, which operates in pharmaceutical retail and distribution, acquired the Polisano Pharma pharmacies in the central city of Sibiu.
Farmacia de la Tara ended 2022 with a turnover of RON30.3 million, up 45.5% on the year.
Evofarm owns 126 pharmacies across several Romanian counties, according to its website.
Romania’s ten largest pharmacy chains by 2022 turnover have a combined number of 2,900 units, accounting for 35% of total pharmacies across Romania.