Alliance Boots strikes £56m deal with Chinese pharmaceutical giant | News | Retail Week UAT

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Alliance Boots strikes £56m deal with Chinese pharmaceutical giant

By Tiffany Holland2012-09-16T10:00:00

Alliance Boots executive chairman Stefano Pessina said: “We are delighted to be partnering with such an established player in the Chinese pharmaceutical market and believe there is huge potential in working together to create a great healthcare distributi

Health and beauty retailer and wholesaler Alliance Boots is to buy a 12% stake in one of China’s biggest pharmaceutical companies for £56m, as it extends its global leadership credentials.