Alliance Boots GmbH, the largest U.K. drugstore chain, will buy a 12 percent stake in China’s Nanjing Pharmaceutical Company Ltd, for about $91 million dollars, it said in a statement today.
Pessina said the firm is likely to expand in Latin America through direct investments similar to its deal in China.
In Southeast Asia, Pessina said he will look to distribute products through franchises for the moment, similar to a model already used in the Gulf states.
Alliance Boots is still Owned by Mr Pessina and KKR.
Walgreens who took a 45% stake in Alliance boots could not be reached for a comment...That is my guess.
Jim Rogers, a Well know American investor, who is frequent guest on American television is currently living and investing in China's growth, it appears these lucky sperm club members shop for Value when they go abroad..
GLTA!!!
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