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Competition Office clears pharmacy acquisition

Hungary's Competition Office (GVH) on Friday said it cleared the acquisition of Patika Profi and DrogeryMed, which operate pharmacies, by FarmFaro, a member of the Penta group.

Patika Profi operates 45 pharmacies, mostly in Tesco stores, and DrogeryMed operates 41. With the acquisitions, FarmFaro's share of Hungary's pharmacy market does not exceed 5%, GHV said. In the ten cities in which Patika Profi and DrogeryMed are both present, market share is not more than 20%, it added. (MTI-ECONEWS)