Walgreens Boots Alliance: minority stake in China's GuoDa.
(CercleFinance.com) - Walgreens Boots Alliance said it has reached an agreement to take a 40% minority stake in Chinese retail pharmacy chain GuoDa.
The US-based drugstore company - which has been present in China for around 10 years via its Alliance Boots unit - will become a strategic investor in GuoDa through a capital increase worth around 416 million dollars.
Walgreens Boots Alliance believes it is well positioned to provide its significant expertise to GuoDa and support its growth ambitions.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The US-based drugstore company - which has been present in China for around 10 years via its Alliance Boots unit - will become a strategic investor in GuoDa through a capital increase worth around 416 million dollars.
Walgreens Boots Alliance believes it is well positioned to provide its significant expertise to GuoDa and support its growth ambitions.
Copyright (c) 2017 CercleFinance.com. All rights reserved.