Celesio sells Anzag shareholding to Alliance Boots
20-Oct-2010
- Germany
Celesio AG has sold its 14.15 per cent shareholding in the Frankfurt-based pharmaceutical wholesaler Andreae-Noris Zahn AG (Anzag). The 1,510,900 shares have been purchased by the British pharmaceutical distributor Alliance Boots. The agreed price per Anzag share is 26.00 euro. Celesio will use the proceeds from the sale, amounting to about 39.3 million euro, to decrease its liabilities.
The Celesio Management Board took the decision in June 2010 to sell its shareholding in the Frankfurt-based pharmaceutical wholesaler, which is no longer deemed to be strategic. Celesio had held a shareholding in Anzag since 2003.
The sale is still to be approved by the appropriate competition authorities.
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