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WBA gains stake in Russian HBA chain

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WBA gains stake in Russian HBA chain

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) Inc. has sold its Alliance Healthcare Russia pharmaceutical wholesale business to 36.6, a leading health and beauty aids and pharmacy retailer in Russia.

Financial terms of the transaction weren’t disclosed. However, WBA said it will own a 15% interest in the 36.6 group when the transaction closes.

Listed on the Moscow Exchange under the ticker symbol APTK, 36.6 has approximately 1,000 stores in Moscow and the neighboring region. The company employs about 4,800 people.

Overall, WBA has more than 13,100 pharmacy, health and beauty stores in 11 countries and operates one of the world’s largest pharmaceutical wholesale and distribution networks, with over 350 distribution centers serving more than 200,000 pharmacies, doctors, health centers and hospitals in 19 countries.


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