The world’s largest us Walgreens Boots Alliance announced the possible consolidation of shares of “Pharmacy chain 36,6” within five years. About this newspaper “Vedomosti” with reference to the chief Executive officer of the company Stefano Pessina.
A source close to the Russian company, said that the shareholders “Pharmacy chain 36.6” are willing to sell remaining stock, however, there is no documentary WBA obligations to consolidate the Russian company. In this regard, the decision depends only on the American side. The newspaper added that the WBA understands that without “Pharmacy chain 36,6” will not be able to do business in Russia. This American company is waiting for the recovery of the Russian economy, the source said.
As said BKS analyst Marat Ibragimov, at this point the cost of 100% of “Pharmacy chain 36,6” can be approximately RUB 11.5 billion However, the expert could not estimate how much WBA would have had to pay for the remaining shares.
In April, the WBA received 15% of “Pharmacy chain 36.6” in exchange for your distribution business in Russia. The source of the newspaper “Vedomosti” reported that the WBA have granted an option to increase its stake in “Pharmacy chain 36.6” up to 85% over the next three years, but Director of corporate Finance “36,6” Yuri Gusarov denied the existence of the option for American companies.