ACP Pharma buys shares in Cefarm Rzeszów after public auction
ACP Pharma, the Polish subsidiary of Mediq, international supplier of medical devices and pharmaceuticals, buys 42% of the shares in Cefarm Rzeszów, the wholesaler in the southeast of Poland. ACP Pharma bought into Cefarm Rzeszów in 2001 and already holds 51% of the shares. Originally, Cefarm Rzeszów was a state-owned company. ACP Pharma will pay the Polish government €6 million (24 million zloty).
The Polish government offered the shares for sale at a public auction. Cefarm Rzeszów consists of three distribution centres in Rzeszów, Kielce and Nowy Sącz, and a couple of pharmacies. By purchasing the shares Mediq expects to realise synergies and improve efficiency in the wholesale operation in Poland. Owning 93% of the shares, ACP Pharma can involve the distribution centres in its current operations and optimise the logistics infrastructure. The Polish government offers the remaining 7% of the shares to the employees. Cefarm Rzeszów can purchase these remaining shares in two years’ time, if they wish.