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July 6, 2018
By: TOM BRANNA
Editor
Walgreens Boots Alliance, Inc. has completed the previously announced agreement to acquire a 40% minority stake in Sinopharm Holding GuoDa Drugstores Co., Ltd. (“GuoDa”), a leading retail pharmacy chain in China. Walgreens Boots Alliance acquired the minority stake in GuoDa through a capital increase worth RMB2.767 billion (around $416 million), and will account for the stake as an equity method investment. “We are delighted that we have recei...
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