This was the second successful acquisition by ANZAG where Raiffeisen Investment jointly with DZ Bank acted as financial advisor.
The transaction started in spring 2005 with a market study on the pharma distribution business in Romania. With the acquisition of the Nr. 4 player in this market, ANZAG is one of the first foreign players to enter the booming Romanian wholesale market.
The German company was also interested in the pharma retail chain belonging to Farmexpert comprising around 30 pharmacy outlets. The Letter of Intent, however, that was submitted mid in October was rejected by the owners. ANZAG subsequently revised its plans and was decided to take a closer look at Romania’s neighbouring market, Serbia.
Raiffeisen Investment has now established some first contacts with the Serbian market leader Velefarm Holding and its shareholders such as the German Stada Group.