Poland sells 85% of drug distributor CF Cefarm to PCZ Polski Holding Medyczny.

By bne IntelliNews September 5, 2011
Poland's Treasury sold 85% of pharmaceutical distributor Centrala Farmaceutyczna Cefarm (CF Cefarm) to PCZ Polski Holding Medyczny, Puls Biznesu reported. The price was not disclosed. The deal, which concerns the transfer of 4.709 million shares, requires regulatory approval. If the anti-trust authority clears the sale, the sale contract is to be signed by the end of the year. CF Cefarm is one of the country's ten biggest pharmaceuticals distributors. In 2009, it reported revenue of PLN 914mn (EUR 222mn) vs. PLN 710mn (EUR 173mn) a year before, generating net profit of PLN 8.4mn (EUR 2.0mn) vs. PLN 6.5mn (EUR 1.6mn), respectively.
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