Just months after striking a ￡10bn deal to sell eventually the whole of Alliance Boots, chairman Stefano Pessina has taken a minority stake in a Chinese pharmaceutical wholesaler.
Alliance Boots said on Sunday that it had spent ￡56m to acquire a 12 per cent holding in Nanjing Pharmaceutical, the fifth largest pharmaceutical wholesaler in China by sales.
It comes hard on the heels of Mr Pessina’s deal in June to initially sell a 45 per cent stake in Alliance Boots to Walgreens, with the option for the US pharmacy chain to buy the whole of Alliance Boots.
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