Alliance Boots closes deal on South America's Farmacias Ahumada S.A. retail pharmacy operation

BERN, Switzerland — Alliance Boots on Monday announced that it has completed the acquisition of South America's Farmacias Ahumada S.A. ("FASA").

 

The completion follows receipt of regulatory approvals and the closing of the cash tender offer for the outstanding fully diluted share capital of FASA whose shares are listed on the Santiago Stock Exchange.

 

The acquisition comprises two main businesses, which together operate over 1,400 stores, with combined revenues of around $1.4 billion. Farmacias Benavides is the third largest retail pharmacy chain in Mexico with around 1,000 stores, and Farmacias Ahumada is one of the three largest retail pharmacy chains in Chile with around 400 stores.