Brazil Pharma Eyes More Deals

Brazil Pharma Eyes More Deals

People Corporate & Sovereign Strategy

Brazil Pharma, the retail pharmaceutical arm of BTG Pactual, is in talks to acquire equity stakes in 2 more Brazilian pharmacy chains, CEO Andre Sa tells LatinFinance. Sa was speaking just a day after the company announced it was acquiring a "co-controlling stake" in Rosario Distrital, whose sales totaled BRL290m in 2009. In the next 18 months Brazil Pharma plans to invest up to $500m, he says, without disclosing how much it paid for Rosario Distrital. "If we do invest in these other 2 chains, t

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