Free Submission Public Relations & NewsPR-inside.com
Home
Deutsch English

Business

Oriola-KD to acquire the 03 Apteka pharmacy chain with 70 pharmacies in Moscow


Print article Print article
Copyright © Hugin AS 2010. All rights reserved.
2010-08-31 14:39:28 -

Oriola-KD Corporation Stock Exchange Release 31 August 2010 at 3.30 pm

Oriola-KD Corporation has today acquired 100 percent ownership of the
Moscow-based Russian pharmaceutical retail company OOO 03 Apteka, which operates
70 pharmacies in Moscow and the Moscow region.

The final purchase price is expected to be some 12 MEUR, and will be finally
determined in accordance with terms and conditions of the transaction by the end
of 2010. The acquired company has no interest-bearing debt. The purchase price
is paid in cash.

Net sales of the 03 Apteka pharmacy chain were some EUR 40 million and operating
profit percentage of approximately 5 percentages in 2009. The company employs
currently some 350 persons.

The acquisition of 03 Apteka supports Oriola-KD's strategy to expand its
pharmaceutical retail operation in Moscow and also supports 
the growth of Oriola-KD's pharmaceutical wholesale business in Russia. After the acquisition, Oriola-KD has 250 pharmacies in Moscow and the Moscow region, of which 180 pharmacies operate under the Stary Lekar brand. Oriola-KD Corporation Eero Hautaniemi President and CEO Kimmo Virtanen Executive Vice President and CFO Further information: Pellervo Hämäläinen Vice President, Communications and Investor Relations tel. +358 (0)10 429 2497 e-mail: pellervo.hamalainen@oriola-kd.com Distribution NASDAQ OMX Helsinki Ltd Principal media Published by: Oriola-KD Corporation Corporate Communications Orionintie 5 FI-02200 Espoo, Finland www.oriola-kd.com [HUG#1441634] This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Oriola-KD Oyj via Thomson Reuters ONE


Press Information:




Contact Person:


Disclaimer: © 2012 Thomson Reuters. The press releases or report contained herein is protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Thomson Reuters's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News
www.newsenvoy.com

 


Terms & Conditions | Privacy | About us | Contact PR-inside.com | BidVertiser