Deals
Pacheco to Buy Drogaria Sao Paulo, Forming Brazil Top Drugstore
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Drogarias Pacheco SA agreed to buy Drogaria Sao Paulo SA to create Brazil’s largest drugstore chain with annual revenue of about $2.8 billion.
The two companies will merge into Drogarias DPSP SA, according to a statement today. Grupo Barata, owner of Pacheco, will have more than 50 percent of a new company, according to a person familiar with the deal. Drogaria DPSP is worth 5 billion reais ($3.13 billion), said the person, who asked to stay anonymous because he isn’t authorized to speak publicly.