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Israel's Shufersal purchasing drugstore chain New-Pharm
April 9, 2017 / 7:49 AM / 8 months ago

Israel's Shufersal purchasing drugstore chain New-Pharm

TEL AVIV, April 9 (Reuters) -

* Shufersal, Israel’s largest supermarket chain, said on Sunday it agreed to buy local drugstore chain New-Pharm Drugstores for 130 million shekels ($35.6 million) from Hamashbir 365 Holdings.

* New-Pharm operates 67 branches throughout Israel.

* The deal is subject to anti-trust approval within three months, Shufersal said in a statement.

* In February, Shufersal, which is controlled by holding company Discount Investment Corp, said it was considering buying New-Pharm.

* ($1 = 3.6500 shekels) (Reporting by Tova Cohen)

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