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2 November 2015
Alpha Bank arranged funding for a merger deal between Raduga-Pervaja Pomosch and Ladushka pharmacy chains
Alpha-Bank, one of the biggest universal banks in Russia, arranged funding for a merger of Raduga - Pervaja Pomosch and Ladushka pharmacy chains. The associated pharmacy chain (the retail segment of ROSTA Pharmaceutical group) is going to acquire Ladushka pharmacy chain and become one of three Russian pharmacy chains which have 3% market share each. After the integration, the number of pharmacies in the merged company will exceed 1100 sale points. The deal value has not been disclosed. All the necessary permissions from anti-monopoly authorities have been obtained.
The associated pharmacy chain Raduga – Pervaja Pomosch (875 pharmacies) is acquiring Ladushka chain, one of the biggest pharmacy chains in Volga (Privolzhsky) Federal District working in the discount pharmacy frame. Ladushka chain includes 270 pharmacies and pharmaceutical points of sale. The merging will make the Associated Pharmacy Chain one of the market leaders in Northwestern, Volga (Privolzhsky) and South Federal Districts as well as in Western Siberia.
The deal will strengthen the chain’s position as a discount pharmacy and will contribute to the implementation of the building strategy for the universal retail chain. Ladushka pharmacy chain is going to become a platform for further development of this business model as part of The Associated Pharmacy Chain.
The Associated Pharmacy Chain’s market share will reach 3% that will give an opportunity for the company to improve the procurement conditions and optimize the cost.
The associated company will be headed by the First Vice President of the group ROSTA Alexander Tarasov and a branch Discounter will be headed by CEO of the pharmacy chain Ladushka, Alexander Shalunov. Also, he will be the co-leader of the integration.
ROSTA is a pharmaceutical group that has the following branches:
Ladushka has a position in the top-15 pharmacy chains in Russia. Mainly Ladushka works in the Volga federal district, the Central federal district and the Siberian federal district. It is a retail discounter and has the closed merchandise display.
The pharmacy chain has 270 pharmacies and pharmaceutical sale points in 61 cities of 27 federal subjects in Russia.
Source: the Alfa Bank Press Service back to headlines