Companies / Brazil
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Grupo Casa Saba Looks Beyond Mexico
August 2008 | Company News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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In line with BMI's warning that Grupo Casa Saba (GCS) could be reaching the limit of its ability to beat market growth in its home country, the Mexican drug distributor has made its first international acquisition. GCS has purchased 100% of the shares of Brazilian pharmacy chain Drogasmil Medicamentos e Perfumeria SA for BRL185mn (US$115mn). Drogasmil operates pharmacies in three Brazilian states - Río de Janeiro, São Paulo and Paraná - and achieved sales of around BRL270mn (US$165mn) in