Dairy Farm Acquires 49% Stake in Rose Pharmacy for Undisclosed Sum
07 November 2014 - 10:47AM
Dow Jones News
LONDON--Pan-Asian retailer Dairy Farm International Holdings
Ltd., has acquired a 49% interest in Rose Pharmacy Inc., for an
undisclosed sum.
Dairy Farm said it intends to support the future growth of this
joint venture by broadening its consumer offering as part of the
Group's wider Health & Beauty portfolio.
Rose Pharmacy is a Cebu-based pharmacy retailer which at the end
of 2013 operated 238 outlets throughout Philippines.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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