Advertisement
UK markets close in 18 minutes

  • FTSE 100

    8,438.58
    +57.23 (+0.68%)
     

  • FTSE 250

    20,645.17
    +113.87 (+0.55%)
     

  • AIM

    790.08
    +6.38 (+0.81%)
     

  • GBP/EUR

    1.1613
    +0.0002 (+0.02%)
     

  • GBP/USD

    1.2509
    -0.0015 (-0.12%)
     

  • Bitcoin GBP

    48,626.34
    -894.27 (-1.81%)
     

  • CMC Crypto 200

    1,263.02
    -94.99 (-6.99%)
     

  • S&P 500

    5,216.32
    +2.24 (+0.04%)
     

  • DOW

    39,466.99
    +79.23 (+0.20%)
     

  • CRUDE OIL

    79.25
    -0.01 (-0.01%)
     

  • GOLD FUTURES

    2,364.90
    +24.60 (+1.05%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

  • HANG SENG

    18,963.68
    +425.87 (+2.30%)
     

  • DAX

    18,771.94
    +85.34 (+0.46%)
     

  • CAC 40

    8,225.18
    +37.53 (+0.46%)
     
MONEY:

Best savings accounts that offer above inflation rates

How to earn the most interest on your savings

Celesio buys Sainsbury's pharmacies

Reuters - UK Focus

FRANKFURT, July 29 (Reuters) - German drugs distributor Celesio (Other OTC: CAKFF - news) has agreed to buy Sainsbury (Amsterdam: SJ6.AS - news) 's pharmacy business for 125 million pounds ($195 million) via its British chain LloydsPharmacy.

As part of the deal, LloydsPharmacy will buy 281 pharmacies, most of which are in Sainsbury's stores, Celesio said in a statement on Wednesday.

The pharmacies will be rebranded as LloydsPharmacy, and as many as 2,500 of their workers will be transferred to the new owner.

Sainsbury's will receive commercial annual rent payments from LloydsPharmacy for each location, said Celesio, which is three-quarters owned by McKesson.

($1 = 0.6413 pounds) (Reporting by Maria Sheahan; Editing by Kirsti Knolle)