Oriola-KD Corporation Stock Exchange Release 8 April 2013 at 10.50 a.m.
Oriola-KD amends the details of the acquisition section in the stock exchange release published today at 8.30 a.m.
Oriola-KD Holding Sverige AB, an Oriola-KD company, has signed an agreement to acquire Sweden`s fifth largest pharmacy chain Medstop Group Holding AB ("Medstop") from Segulah Management IV Limited. The total value of the acquisition is estimated to be SEK 1460 (EUR 176) million, comprising of three separate items: a SEK 680 (EUR 82) million cash payment, net debt of the acquired company, and a conditional earn-out payment payable on the basis of the consolidated 2015 EBITDA of Oriola-KD`s combined Swedish Retail business. Oriola-KD will finance the acquisition in full with a bank loan. The transaction is expected to be completed in the second quarter of 2013 subject to the Swedish Competition Authority (Konkurrensverket) and Medical Products Agency (Lkemedelsverket) approvals.
Details of the acquisition
The Medstop pharmacy chain has a total of 65 pharmacies located in shopping centres and city centre locations in the Stockholm, Gothenburg and Malm areas. In 2012, the net sales of Medstop were EUR 273 (299) million and EBITDA of the chain was EUR 11.6 (11.5) million, excluding non-recurring items, corresponding to about 4.2 (3.8) per cent of net sales. The net debt of the pharmacy chain at year end 2012 was EUR 75 (80) million and total assets at the end of 2012 were EUR 215 (223) million. Medstop`s market share of the Swedish pharmacy market was approximately 7.5 per cent at the end of 2012. The pharmacy chain employed 578 people at the end of 2012.
The acquisition supports Oriola-KD`s strategic growth in the Swedish market
"The acquisition is an important part of Oriola-KD`s strategy to take an active role in the transformation of the Swedish pharmacy market and it supports the company`s goal to become one of the main operators in Swedish pharmaceutical retail and wholesale market." Eero Hautaniemi, President and CEO, Oriola-KD Corporation.
Following the acquisition, Oriola-KD will have some 290 pharmacies in Sweden and its market share in the Swedish retail trade will increase from the current 14 per cent to approximately 21 per cent. The acquisition is expected to create synergies in purchasing, warehousing and pharmacy distribution.
Invitation to a conference call
Oriola-KD Corporation will organise a conference call on the acquisition of the pharmacy chain starting at 11.00 a.m. on 8 April 2013. The conference call number is +44 203 481 0954 and the confirmation number is: 8910 379#. The conference will be held in English.
Excerpt from:
Correction - Oriola-KD to acquire Medstop
- Amatheon - Wholesale Veterinary Medicine - May 7th, 2011 [May 7th, 2011]
- Stronger Risk Management Program for Accutane (isotretinoin) - May 9th, 2011 [May 9th, 2011]
- Presentation of our company - May 13th, 2011 [May 13th, 2011]
- Value Drug Company - May 14th, 2011 [May 14th, 2011]
- erectile dysfunction videos - May 20th, 2011 [May 20th, 2011]
- Pet Pharmacy Vaccines- Buy Cheap Pet Supply Products Online - May 20th, 2011 [May 20th, 2011]
- Wholesale Supplements Sites (1) - May 22nd, 2011 [May 22nd, 2011]
- Reliance Wholesale - Who we are - May 22nd, 2011 [May 22nd, 2011]
- HCG Wholesale Source - May 31st, 2011 [May 31st, 2011]
- Vertical storage carousel, storage and retrieval for bin storage at Cecofar - May 31st, 2011 [May 31st, 2011]
- My Choice Meds - Online Medicinal Options - June 8th, 2011 [June 8th, 2011]
- Introducing GensourceRx - Authorized Pharmaceuticals Distributor - June 9th, 2011 [June 9th, 2011]
- AncientWay.com Chinese Herbal Pharmacy - June 12th, 2011 [June 12th, 2011]
- Generic Cialis - June 12th, 2011 [June 12th, 2011]
- H1N1 : Ukraine in panic. 8th November 2009 - June 18th, 2011 [June 18th, 2011]
- my pharmacy world drug mart - June 23rd, 2011 [June 23rd, 2011]
- Provigil Canada - June 26th, 2011 [June 26th, 2011]
- 1962 - I'm Not a Well Man - Barbra Streisand - I Can Get It For You Wholesale - June 29th, 2011 [June 29th, 2011]
- Retail struggles to find pharmacists -The Lempert Report - July 4th, 2011 [July 4th, 2011]
- Buy Kamagra - July 15th, 2011 [July 15th, 2011]
- Provigil drug - July 17th, 2011 [July 17th, 2011]
- Buy Dapoxetine - July 29th, 2011 [July 29th, 2011]
- Provigil vs Adderall - August 2nd, 2011 [August 2nd, 2011]
- Ajanta Kamagra - August 9th, 2011 [August 9th, 2011]
- Interview - Mark James, AAH - August 30th, 2011 [August 30th, 2011]
- Modafinil online pharmacy - September 4th, 2011 [September 4th, 2011]
- Marley Drug vs. WalMart - September 9th, 2011 [September 9th, 2011]
- What is Azithromycin - September 11th, 2011 [September 11th, 2011]
- California Board of Pharmacy Meeting September 7 2011 - September 16th, 2011 [September 16th, 2011]
- Vertical Carousel Pharmacy Automation Systems Sets the Stage For More Efficient Patient Care - September 20th, 2011 [September 20th, 2011]
- Track-and-trace Showcase, Toluca Mexico Feb 2011 (English) - September 25th, 2011 [September 25th, 2011]
- Vigora tablets - October 2nd, 2011 [October 2nd, 2011]
- Dydrogesterone uses - October 3rd, 2011 [October 3rd, 2011]
- Buy Zithromax - October 8th, 2011 [October 8th, 2011]
- Where to buy Diclofenac - October 8th, 2011 [October 8th, 2011]
- Dosage voltaren - October 9th, 2011 [October 9th, 2011]
- Nuvigil dosage - October 11th, 2011 [October 11th, 2011]
- Buy Alendronate - October 11th, 2011 [October 11th, 2011]
- Buy Zanaflex - Video - October 14th, 2011 [October 14th, 2011]
- Fosamax benefits - Video - October 15th, 2011 [October 15th, 2011]
- Ponstel side effects - Video - October 16th, 2011 [October 16th, 2011]
- Diflucan single dose - Video - October 17th, 2011 [October 17th, 2011]
- Buy Nolvadex UK - Video - October 17th, 2011 [October 17th, 2011]
- ACAI BERRY SELECT - Video - October 18th, 2011 [October 18th, 2011]
- Presentation of our company - Video - October 21st, 2011 [October 21st, 2011]
- Buy Viagra Generic and Save - Video - October 22nd, 2011 [October 22nd, 2011]
- Caverta tablet - Video - October 24th, 2011 [October 24th, 2011]
- Uses Herbolax - Video - October 27th, 2011 [October 27th, 2011]
- Where to buy Hoodia - Video - October 30th, 2011 [October 30th, 2011]
- Cheap Caverta - Video - November 4th, 2011 [November 4th, 2011]
- Where to buy Diclofenac - Video - November 5th, 2011 [November 5th, 2011]
- Generic Carbamazepine - Video - November 6th, 2011 [November 6th, 2011]
- Order Estradiol - Video - November 8th, 2011 [November 8th, 2011]
- Tablets Dostinex - Video - November 8th, 2011 [November 8th, 2011]
- Modalert review - Video - November 9th, 2011 [November 9th, 2011]
- Acomplia dosage - Video - November 10th, 2011 [November 10th, 2011]
- Dapoxetine India - Video - November 15th, 2011 [November 15th, 2011]
- Where to buy Voltaren - Video - November 17th, 2011 [November 17th, 2011]
- Acomplia buy UK - Video - November 18th, 2011 [November 18th, 2011]
- Price Voltaren - Video - November 21st, 2011 [November 21st, 2011]
- Purchase Voltaren - Video - November 27th, 2011 [November 27th, 2011]
- Drug store markups worth the cost? - Video - December 4th, 2011 [December 4th, 2011]
- Tablets Danazol - Video - December 6th, 2011 [December 6th, 2011]
- Priligy experience - Video - December 10th, 2011 [December 10th, 2011]
- Buy Acomplia cheap - Video - December 11th, 2011 [December 11th, 2011]
- Where to buy Bactrim - Video - December 13th, 2011 [December 13th, 2011]
- Dapoxetina Cloridrato - Video - December 14th, 2011 [December 14th, 2011]
- Dapoxetine sale - Video - December 15th, 2011 [December 15th, 2011]
- Acomplia diet drug - Video - December 17th, 2011 [December 17th, 2011]
- Cheap Acomplia online - Video - December 23rd, 2011 [December 23rd, 2011]
- Priligy pills - Video - December 25th, 2011 [December 25th, 2011]
- Cipralex Lexapro - Video - December 28th, 2011 [December 28th, 2011]
- Getting off Lexapro - Video - January 5th, 2012 [January 5th, 2012]
- Lexapro alternatives - Video - January 6th, 2012 [January 6th, 2012]
- Lexapro 20 mg - Video - January 6th, 2012 [January 6th, 2012]
- Modavigil - Video - January 10th, 2012 [January 10th, 2012]
- Modifilan side effects - Video - January 11th, 2012 [January 11th, 2012]
- Cipralex 10mg - Video - January 13th, 2012 [January 13th, 2012]
- Celexa Lexapro - Video - January 14th, 2012 [January 14th, 2012]
- Oral Jelly Kamagra - Video - January 14th, 2012 [January 14th, 2012]