Walgreen paid $5.3 billion in cash and 144.3 million shares for the 55% stake it did not own in Alliance Boots.
The new company – Walgreens Boots Alliance – reunites Walgreens, the largest drugstore chain in the U.S.A., the Boots pharmacies, leader on the European market, and international pharmaceutical wholesaler Alliance Healthcare. Following the merger, Walgreens Boots Alliance will include three divisions: the pharmaceutical retail division in the U.S.A., the international pharmaceutical retail division and the medicine distribution division.
Walgreens Boots Alliance will have more than 370,000 employees and operate in more than 25 countries, through over 12,800 drugstores and over 340 distribution centers serving 180,000 drugstores and hospitals.
Farmexpert reported 1.1% lower revenues in the 2012/2013 fiscal year, of GBP375 million (EUR443 million), according to data from parent British group Alliance Boots.
Farmexpert was founded in 1996 by businessman Eugen Baciu who had sold it via three transactions, carried out in 2006, 2012 and 2013, to German group ANZAG which was subsequently acquired by Alliance Boots.
Farmexpert is the second largest pharmaceutical wholesaler on the Romanian market and its rivals include companies Mediplus, Farmexim, Fildas and Polisano.