Uniphar scraps NaviCorp acquisition after competition watchdog blocks deal

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 71%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Pharmacy solutions company has announced a number of acquisitions over recent months but this one has been prohibited by the CCPC

Uniphar has scrapped plans to buy NaviCorp, the pharmacy solutions company, in a multimillion-euro deal after the move was blocked by the state’s competition watchdog.

The Irish-listed healthcare services group this morning confirmed that the deal would “no longer proceed to completion” after the Competition and Consumer Protection Commission ruled it could lessen competition in the area.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Proposed Uniphar takeover of Navi Group blocked by CCPCThe competition regulator has blocked a proposed takeover by healthcare services provider Uniphar of pharmacy solutions business Navi Group.
Source: RTEbusiness - 🏆 16. / 61 Read more »

Uniphar shares sink after Navi deal blocked by CCPCShares in healthcare services group Uniphar dropped over 6% today after its proposed acquisition of pharmacy supply group Navi was blocked by the Competition and Consumer Protection Commission.
Source: RTEbusiness - 🏆 16. / 61 Read more »

Home loan costs rise; Cairn gets Montrose green light; and Uniphar blockedHome loan costs rise; Cairn gets Montrose green light; and Uniphar blocked via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »