Oriola-KD to acquire the 03 Apteka pharmacy chain with 70 pharmacies in Moscow
31.8.2010
Oriola-KD Corporation Stock Exchange Release 31 August 2010 at 3.30 pm
Oriola-KD Corporation has today acquired 100 percent ownership of the
Moscow-based Russian pharmaceutical retail company OOO 03 Apteka, which operates
70 pharmacies in Moscow and the Moscow region.
The final purchase price is expected to be some 12 MEUR, and will be finally
determined in accordance with terms and conditions of the transaction by the end
of 2010. The acquired company has no interest-bearing debt. The purchase price
is paid in cash.
Net sales of the 03 Apteka pharmacy chain were some EUR 40 million and operating
profit percentage of approximately 5 percentages in 2009. The company employs
currently some 350 persons.
The acquisition of 03 Apteka supports Oriola-KD's strategy to expand its
pharmaceutical retail operation in Moscow and also supports the growth of
Oriola-KD's pharmaceutical wholesale business in Russia. After the acquisition,
Oriola-KD has 250 pharmacies in Moscow and the Moscow region, of which 180
pharmacies operate under the Stary Lekar brand.
Oriola-KD Corporation
Eero Hautaniemi
President and CEO
Kimmo Virtanen
Executive Vice President and CFO
Further information:
Pellervo Hämäläinen
Vice President, Communications and Investor Relations
tel. +358 (0)10 429 2497
e-mail: pellervo.hamalainen@oriola-kd.com
Distribution
NASDAQ OMX Helsinki Ltd
Principal media
Published by:
Oriola-KD Corporation
Corporate Communications
Orionintie 5
FI-02200 Espoo, Finland
www.oriola-kd.com
[HUG#1441634]