Looks like you’re on the UK site. Choose another location to see content specific to your location

Home Industry News Alliance Boots buys majority stake in ANZAG

Alliance Boots buys majority stake in ANZAG

23rd December 2010

Alliance Boots has completed the purchase of a majority stake in the pharmaceutical wholesaler Andreae-Noris Zahn AG (ANZAG) in order to improve its positioning in the European market.

The company has paid 143 million euros (121.1 million pounds) in exchange for a 51.65 percent stake in ANZAG, taking its total shareholding in the organisation to 81.64 percent.

This transaction gives Alliance Boots control over one of the largest pharmacy suppliers in Europe, with ANZAG revenue during the fiscal year ending in August 2010 coming to 4.2 billion euros.

Stefano Pessina, executive chairman of Alliance Boots, said: "ANZAG's business model and customer offering is highly complementary to … our pharmaceutical wholesale division. In particular, partnerships with pharmacists are at the heart of both ANZAG and the Alliance Healthcare businesses across Europe."

This comes after Alliance Boots increased its stake in the Turkish wholesaler Hedef Alliance Holding from 50 to 60 percent in July 2010.ADNFCR-8000103-ID-800309923-ADNFCR

We currently have 5 jobs available in Pharmacy industry, find your perfect one now.

Stay informed

Receive the latest industry news, Tips
and straight to your inbox.