Watchdog okays Neuca subsidiary sale

The Office of Competition and Consumer Protection (UOKiK) has approved the sale of pharmaceutical wholesaler Exigo by Neuca to sector firm Intra, the watchdog said on its website on Monday. The deal allows for the completion of an earlier transaction, which involved the acquisition of ACP Pharma, the fourth largest pharmaceutical distributor in Poland, by Neuca. In March 2014 the UOKiK approved the deal under the condition that one of ACP’s units in Bydgoszcz is sold. The unit was spun off as Exigo.