Two Drug Distributors, Alliance Boots and Nanjing Pharma, Ink $91 Million Deal

Alliance Boots, a global chain of retail pharmacies based in the UK, agreed to pay $91 million to purchase a 12% stake in China's Nanjing Pharmaceutical Co., a state-owned company that is the fifth-largest drug distributor in China. In June, Alliance merged with Walgreen, a US drug store chain, combining Alliance Boots’ strength in Europe and emerging countries with Walgreen’s US presence. Now the alliance has increased its foothold in China. More details.... Stock Symbols: (SHA: 600713) (NYSE: WAG) Share this with colleagues: var switchTo5x=true; stLight.options({publisher:'d7871f5b-67bc-4d30-b66f-1465d0b97213'});