“Sensiblu started the acquisition of 90 pharmacies part of the City Pharma network,” said Robert Popescu, chief executive officer of A&D Pharma. “Therefore, with 400 units nationwide, Sensiblu will consolidate its leadership position in the Romanian drug retail market.”
Popescu said the acquisition should be completed in June, and the company will afterwards rebrand and include the new outlets..
According to Finance Ministry data, Hermes Pharma posted sales of 321.2 million lei (EUR73 million) in 2010, while Sensiblu’s sales amounted to RON989.7 million (EUR225 million).
A&D Pharma is controlled by Walid Abboud, Roger Akoury, Ludovic Robert and Michel Eid – foreign businessmen with multiple businesses in Romania. City Pharma is part of Relad, a group controlled by local businessmen Laurentiu Stratulat, Adrian Roncea and Tiberiu Zigu.