Clicks to acquire retailer Pick n Pay’s pharmacies

Clicks, which will rebrand the pharmacies, has been on a drive to extend the reach of its network.
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Clicks said on Monday it planned to acquire 25 in-store pharmacies, their drug stocks and staff from retailer Pick n Pay .

In a joint statement the companies said the sale, subject to regulatory approvals, would not have a material impact on the earnings or financial position of either of them.

Clicks, which will rebrand the pharmacies, has been on a drive to extend the reach of its network. This latest acquisition increases its number of outlets to 632 nationally.

Pick N Pay chief operating officer Adrian Naude said its small pharmacy division was not part of its future growth strategy.

Read the full Sens announcement here.

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May I assume that there will be Clicks pharmacy’s inside the Pick n pay stores?

Read the SENS: “Clicks plans to acquire the retail pharmacy business of Pick n Pay, including 25 in-store

pharmacies which will be rebranded to Clicks”

It makes a lot of sense as long as P&P don’t try to interfere in the day to day infrastructure of operations. Yes, I hold Clicks stock.

Great move to expand their footprint but much potential for friction. Will the in-store Clicks be allowed to stock the same items on the shelf as the Pick n Pay. Remember that price fixing is not allowed.

End of comments.

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