THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Walgreens Boots Alliance acquires remaining stake in German joint venture

Walgreens Boots Alliance has agreed with McKesson Corporation that it will acquire the remaining 30% share of their GEHE Pharma Handel and Alliance Healthcare Deutschland joint… View Article

HEALTH AND BEAUTY NEWS

Walgreens Boots Alliance acquires remaining stake in German joint venture

Walgreens Boots Alliance has agreed with McKesson Corporation that it will acquire the remaining 30% share of their GEHE Pharma Handel and Alliance Healthcare Deutschland joint venture.

On completion of the transaction, WBA will become the 100% owner of the combined GEHE and Alliance Healthcare businesses in Germany.

GEHE and AHD combined their operations in the German pharmaceutical market in November 2020. At the time, WBA became the 70% owner of the joint venture with McKesson holding the remaining 30%.

Ornella Barra, chief operating officer, international at Walgreens Boots Alliance, said: “We are very pleased to have reached agreement with McKesson to take full control of our joint German pharmaceutical wholesaling operations. This new, exciting step enables Walgreens Boots Alliance to further strengthen its position as a leading pharmaceutical wholesaler in Germany.”

The news follows McKesson’s announcement earlier this year regarding the sale of certain European businesses and its intention to exit the European region fully.

Subscribe For Retail News