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Competition Office clears Pharmanova pharmacy acquisition

Hungary's Competition Office (GVH) said it approved Pharmanova's takeover of a controlling interest in Zalar Patika, which operates a pharmacy in Eger.

Pharmanova has 139 pharmacies, giving it the largest network in the country. Still, it controls only about 6% of the market and the acquisition will cause its market share to change little, GVH said.

Pharmanova is majority owned by Germany's UTA Pharma Beteiligungs. (MTI – Econews)