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GHG completes acquisition of ABC

06 January 2017 09:23

Georgia Healthcare Group has completed the acquisition of JSC ABC Pharmacia, the fourth largest pharmaceutical retailer and wholesaler in Georgia.

Chief executive Nikoloz Gamkrelidze said: "Following our recent announcement of the ABC acquisition, I am very pleased to announce completion of this landmark transaction. Having successfully obtained regulatory approval, ABC will be merged with GHG's existing pharma business with immediate effect. This further consolidates GHG's position as the leading integrated player in the Georgian healthcare ecosystem, and we look forward to delivering on the expected synergies and targeted growth strategy for the enhanced pharma business."

At 9:23am: (LON:GHG) Georgia Healthcare Group Plc share price was -0.5p at 342.5p

Story provided by StockMarketWire.com

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