Sopharma Trading closes acquisition of PharmaStore chain of pharmacies in Bulgaria

Sopharma Trading, the largest Bulgarian company by revenue in the pharma sector, announced on Friday the closing of the acquisition of PharmaStore pharmacies. The news come only a few weeks after the Commission for Protection of Competition unconditionally approved the concentration in early November, Sopharma announced. Since this August, Sopharma Trading has also been the majority owner of the Leskovac-based Lekovit. In 2011, they opened a plant in Stari Banovci in cooperation with the Serbian pharma company Ivancic i Sinovi.

By closing the deal, Sopharma Trading Jsc. acquired the 19 PharmaStore outlets in Sofia and Bourgas. In the months to come the current management team of the acquired pharmacies will continue to participate in their management while in the meantime a plan for their integration to SOpharmacy concept is elaborated, the press release adds.

The union of SOpharmacy and PharmaStore will ensure a stronger position to both chains for satisfying the growing needs of Bulgarian patients for quality and contemporaneous, health services. In addition, it provides a larger scale for the operations of Sopharma Trading in the retail segment of Pharmacy Market.

– We were always partners with PharmaStore as we share the same vision for modernization and renewal of the Pharmacy market in Bulgaria. We expect that the integration will bring even more good practices and will take SOpharmacy to the next level of improvement both for our customers and for our partners. Our main priority continues to be to attract the best professionals and thus to improve our service to patients. So, these are good news for the customers of both SOpharmacy and PharmaStore, because the best is yet to come – says CEO of Sopharma Trading Dimitar Dimitrov.

Sopharma Trading Pharmaceuticals d.o.o. Beograd

IIS Pharmaceutical doo Beograd

Komisija za zaštitu konkurencije Srbije

Sopharma Trading

PharmaStore

pharmaceutical industry

pharmacies in Bulgaria

SOpharmacy

Dimitar Dimitrov

Sopharma

Lekovit Leskovac

Ivancic i Sinovi