LloydsPharmacy acquisition of McCabes cleared by watchdog

📆 26/04/2024 16:05:00
📰 IrishTimes

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It follows an investigation looking at how the deal could affect competition between pharmacies, including potential consequences for consumers

The go-ahead issued by the Competition and Consumer Protection Commission is subject to commitments involving the sale of two pharmacies in Lucan, Dublin.

The proposed deal was renotified to the CCPC in February after the first notification received in October was declared invalid. To address these concerns, LloydsPharmacy agreed to sell two pharmacies in Lucan – McCabes Pharmacy Finnstown and McCabes Pharmacy Griffeen Centre – to a buyer who will be approved by the CCPC.LloydsPharmacy also agreed not to do anything which could negatively impact on the pharmacies before their sale, and not to buy these pharmacies back for at least 10 years.

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