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MILAN, Nov 17 (Reuters) – European pharmaceutical operator Dr Max Group said on Friday it had acquired Italian pharmaceutical network Neo Apotek SpA in a bid to increase its presence in the country.
The acquisition provides Neo Apotek Spa with a business of about 400 million euros ($435 million), a source familiar with the matter told Reuters.
Dr. Max, which is run through Penta Investments and has more than 3,000 outlets and online retail outlets in Europe, said it will open around 210 pharmacies in Italy after adding 130 through the acquisition of Neo Apotek.
Dr. Max attended through EY, Shearman