Breakingviews – Walgreens gets in early on healthy growth in China

HONG KONG ( Breakingviews) – Walgreens Boots Alliance is positioning itself for future healthy growth in China. On Wednesday, the U.S. drugstore chain said it would pay $416 million for 40 percent of Shanghai-headquartered peer GuoDa. A sensible shake-up of drug distribution and sales by Beijing is spurring consolidation and giving pharmacies a stronger hand. This deal gives Walgreens market insight and could be a springboard for more investment. The $70 billion Walgreens already owns…

"Breakingviews – Walgreens gets in early on healthy growth in China"