Brazil's Extrafarma enters talks to buy Brasil Pharma unit -report

June 17, 2016 11:36 AM

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BRASILIA, June 17 Brazil's drugstore chain Extrafarma Ltda entered exclusive talks for up to 180 days to buy rival Big Ben, a subsidiary of Brasil Pharma SA, newspaper Valor Economico said on Friday.

The acquisition would nearly double Extrafarma's revenues, according to the newspaper, citing an anonymous source with knowledge of the discussions. The price had yet to be determined, the newspaper added.

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