The Felicia group of companies has expanded through the purchase of RihPanGalFarma and the Gedeon Richter pharma network in Moldova, where Chemical Works of Gedeon Richter PLC (Hungary) is the majority shareholder.
The amount of the deal was not disclosed. The Felicia group of companies announced only the signing of a contract confirming the acquisition of the two named companies: the Moldovan-Hungarian joint venture RihPanGalFarma and Gedeon Richter - Rețea farmaceutică, the majority shareholder of which is the Hungarian manufacturer Chemical Works of Gedeon Richter. The CEO of Farmacia Felicia Natalia Sturza noted that an important purchase project has been implemented, which will help to combine the strategic vision and extensive experience of Farmacia Felicia with the traditions of the pharmaceutical industry of Gedeon Richter. “We consider this acquisition beneficial both for our clients and for the Moldovan pharmaceutical market, being an example of the growth and implementation of international standards in our country. The Felicia group of companies has passed all the necessary stages of verification to ensure the transparency of the procurement procedure, and thus we declare that we are ready for a new stage in the development of our group of companies, ”said Natalia Sturza. According to her, the purchase procedure is carried out in accordance with all EU standards and requirements, it is transparent and is carried out under the control of all parties involved, including external monitoring of the competent European authorities in Hungary. Gedeon Richter CEO Gabor Orban said the agreement complements the group's strategic changes over the past decade and protects the high profitability achieved in the specialty pharmaceuticals business segment. Asia Odobescu, CEO of RihPanGalFarma, also said that over 25 years of activity, the company has introduced European standards for import, distribution and marketing and provided the Moldovan market with high-quality and recognized medicines, and thanks to the merger with Farmacia Felicia, this process will continue on a wider scale. Farmacia Felicia is the first pharmaceutical chain in Moldova, founded in 1997 by Dorian Berdos, who until now was the sole owner of the business. The company currently has a pharmaceutical warehouse where medicines, medical devices and cosmetic products are imported. For more than 20 years of activity, the Felicia group of companies has expanded its network of pharmacies to more than 130 pharmacies in Moldova with the help of more than 1000 employees. Gedeon Richter Plc. headquartered in Budapest is a pharmaceutical company in Central and Eastern Europe that is expanding its presence in Western Europe, China and Latin America. After reaching a market capitalization of 3.8 billion euros ($ 4.5 billion) by the end of 2020, Richter's consolidated sales in the same year were about 1.6 billion euros ($ 1.8 billion).// 21.06.2021 — InfoMarket
