South African drug specialist Clicks said on Monday it intended to acquire 25 in-store drug stores, their medication stocks and staff from retailer Pick N Pay
In a joint explanation the companies said the deal, subject to regulatory approvals, would not really affect the income or financial situation of both of them.
Clicks, which will rebrand the drug stores, have been on a drive to broaden the scope of its organization. This most recent acquisition increases its number of outlets to 632 nationally.
Pick N Pay CEO Adrian Naude said its small drug store division was not part of its future development strategy.
