Chemist Warehouse will merge with a big Australian company and create a new entity worth almost $10 billion under a proposed deal.
Melbourne-based Sigma Healthcare today said it wanted to merge with the aggressive pharmaceutical retailer.
But the deal will need to win approval from watchdogs including the Overseas Investment Office.
Chemist Warehouse has hundreds of stores across Australia and New Zealand, with an estimated 600 in Australia alone.
Sigma Healthcare’s retail brands include Amcal+ and it also has aged care services.
Sigma aims to seal the deal with $752m cash and Sigma shares.
Bookmarks