Walgreens Boots Alliance: sells 30% of Chinese joint venture
(CercleFinance.com) - Walgreens Boots Alliance is selling a 30% stake in a pharmaceutical wholesaling joint venture in China, after an offer from its joint venture partner.
The US drugstore chain will sell the stake in Guangzhou Pharmaceuticals to Guangzhou Baiyunshan Pharmaceutical Holdings, which will hold 80% of the group's total share capital after the deal.
Walgreens Boots Alliance will retain a 20% interest in Guangzhou Pharmaceuticals, the Deerfield, Illinois-based company said.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The US drugstore chain will sell the stake in Guangzhou Pharmaceuticals to Guangzhou Baiyunshan Pharmaceutical Holdings, which will hold 80% of the group's total share capital after the deal.
Walgreens Boots Alliance will retain a 20% interest in Guangzhou Pharmaceuticals, the Deerfield, Illinois-based company said.
Copyright (c) 2017 CercleFinance.com. All rights reserved.