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Farmacias del Ahorro agrees to buy Benavides, creating a group of about 2,900 stores in Mexico

FinanceInternationalEL PAÍSAI summary
Image: EL PAÍS

Farmacias del Ahorro agreed to acquire the shares of Farmacias Benavides, in a transaction between The Boots Group, owner of 96.56% of the chain, and Comercializadora Farmacéutica de Chiapas, the legal entity behind Farmacias del Ahorro. The amount was not disclosed and the deal requires antitrust authority approval. The agreement would create a group with about 2,900 stores in Mexico, in a sector where businesses combine retail, medical care and financial services.

In 35 seconds

  • Farmacias del Ahorro agreed to buy the shares of Farmacias Benavides; the agreed amount was not disclosed.
  • The Boots Group, owner of 96.56% of Benavides, and Comercializadora Farmacéutica de Chiapas signed the agreement.
  • The transaction requires approval from the National Antitrust Commission (CNA).
Read the full story at EL PAÍS

IASummary generated by artificial intelligence from a story by EL PAÍS. It may contain errors: the original source prevails.

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