Montero buys Eurofarmacia

Pharmaceutical distributor Montero took over the Eurofarmacia network, which had previously been part of the Lithuanian VP Market Group, sources on the drugstore market told Ziarul Financiar. Montero and VP Market did not comment on the information by the time the story was ready for print. A takeover of the Eurofarmacia network, which comprises 10 drugstores, would consolidate Montero”s position on a market that is very competitive and where transactions are almost an every day occurrence. The intention of the Lithuanians to sell their drugstores on the market was often mentioned in the first half of the year. At first they did admit they were streamlining their pharmaceutical retail operations in Romania. Montero is present on the drugstore market estimated at some 700 million euros this year with the Remedio brand, a network that comprises several dozen drugstores. Out of the about 4,500 drugstores in the entire country, less than 15% are grouped under the umbrella of joint brands. ZF