Deals
McKesson Agrees to Sell Part of Europe Arm to Phoenix Group
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McKesson Corp. agreed to sell part of its continental European unit to the billionaire Merckle family’s Phoenix Group, the largest German pharmaceutical wholesaler.
Terms weren’t disclosed. The sale includes the businesses in France, Italy, Ireland, Portugal, Belgium and Slovenia, McKesson said Wednesday in a statement. It also includes the company’s German headquarters and wound-care business, and a stake in a joint venture in the Netherlands.