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Germany's Anzag buys pharmaceutical wholesaler in Lithuania

This article was originally published in Scrip

Executive Summary

Andreae-Noris Zahn (Anzag), the German pharmaceutical wholesaler, has signed an agreement to purchase 92% of the shares in Armila, a Lithuanian pharmaceutical wholesaler. The German company said it was expanding its business in foreign markets to reduce dependency on the domestic market where returns on sales for pharmaceutical wholesalers have been falling in recent years.

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