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Boots buy stake in Chinese firm

The Business Law specialists at on of Europe’ largest pharmacist chains, Alliance Boots, will be busy working on the latest deal announced by Boots to buy a 12% stake in the Chinese firm, Nanjing Pharmaceutical Company Limited.

Boots has operated in the Chinese market for the four years, and Stefano Pessina, the executive chairman has said that over the next ten years they hope to be one of the major players in China either themselves or together with other brands.  This deal will make Boots the second largest sharehold in Nanjing, which operates in 12 cities across China, suggesting that Boots is on its way to achieving this.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article. 

Setfords Solicitors are a national full service law firm, with Business  Solicitors in Leicester and across the country.