Deals
UAE’s Julphar Explores Sale of Mideast Chain Planet Pharmacies
- Region’s health-care sector has been booming over past decade
- Sale would add to list of deals in regional health-care sector
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Gulf Pharmaceutical Industries is exploring the sale of its Middle Eastern retail pharmacy network amid heightened demand for health-care services in the region, according to people familiar with the matter.
Julphar, as the company is known, is sounding out potential buyers for Planet Pharmacies and seeking around 1 billion dirhams ($272 million), one of the people said, asking not to be named because the information is private. EY is advising on the sale, the people said.