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International Internet Magazine. Baltic States news & analytics Monday, 01.06.2020, 08:35

Euroapotheca buys Ulikooli Apteek

BC, Tallinn/Vilnius, 15.03.2018.Print version
Euroapotheca, a company of the Vilniaus Prekyba Group controlled by Lithuanian businessman Nerijus Numavicius, has purchased the Estonian pharmacy chain Ulikooli Apteek, informs LETA/BNS.

Euroapotheca said that its Estonian subsidiary Euroapteek on Wednesday finalized a deal with Finland's Yliopiston Apteekki on the acquisition of 13 Ulikooli Apteek pharmacies.

Euroapteek will integrate the newly-bought pharmacies into its chain and will also provide franchise services to another 11 pharmacies that have until now operated under the name of Ulikooli Apteek.

In a parallel deal finalized on Wednesday, Euroapotheca's wholesale arm in Estonia, Baltfarma, acquired the wholesaler Medapta from Finland's Yliopiston Apteekki.

The group did not disclose the value of either deal. 

Vilnius-based Euroapotheca is part of Vilniaus Prekyba, one of Lithuania's biggest business groups.

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