PGF pays $18.8 million to purchase 100-outlet Apteki Polskie pharmacy firm

However, the takeover is still subject to approval by the Office for Competition and Consumer Protection, but should this be granted PGF will assume control around 100 pharmacies operating under the 'Apteki 21,' name, which during the last quarter brought in a total revenue of zł.40 million. Although it intends to keep the wholesale of pharmaceuticals as its core field of activity, once this deal is finalized, and having already purchased Łódź-based Cefarm earlier this month, PGF will see the number of pharmacies under its command grow to 300. PGF intends to fund the merger itself. (Parkiet p.1) M.G.