Major update on Chemist Warehouse merger deal

The ACCC has provided an important update on the proposed merger between Chemist Warehouse and Sigma, a large pharmacy wholesaler and distributor of prescription medicines and other products.The Australian Competition & Consumer Commission says it will not stand in the way of a proposed million-dollar merger between pharmacy businesses Chemist Warehouse and Sigma Healthcare.

Many Australians choose Chemist Warehouse for their pharmacy needs. Picture: NewsWire / Max Mason-Hubers The ACCC back in June this year said it had initial competition concerns about the deal and put a call out for submissions from interested parties like rival pharmacies as they began a review. The deal was originally floated in December of 2023 whereby Sigma would get all the shares in Chemist Warehouse in exchange for Sigma shares and $700 million in cash, according to information provided by the ACCC.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Competition watchdog backs Chemist Warehouse merger with Sigma HealthcareAfter the merger, the company will have more than 1000 retail stores and 16 distribution centres in Australia and New Zealand.
La source: 9NewsAUS - 🏆 10. / 72 Lire la suite »