Reuters reports exclusively on Brazil drugstore deal, Pague Menos shares jump
Shares of Brazilian drugstore chain Pague Menos opened 12% higher after Reuters broke the news that the company had reached […] The post Reuters reports exclusively on Brazil drugstore deal, Pague Menos shares jump appeared first on Reuters News Agency.
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Shares of Brazilian drugstore chain Pague Menos opened 12% higher after Reuters broke the news that the company had reached a deal to buy rival Extrafarma for 600 million reais ($115 million). Pague Menos, which is backed by U.S. private equity firm General Atlantic, later confirmed the talks in a securities filing. The deal would make Pague Menos Brazil’s second biggest drugstore retailer behind Raia Drogasil SA. It is currently ranked third.
The post Reuters reports exclusively on Brazil drugstore deal, Pague Menos shares jump appeared first on Reuters News Agency.
