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Brazilian drugstore chain Pague Menos buys rival Extrafarma for $133 million


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SAO PAULO (Reuters) -Brazilian drugstore chain Pague Menos agreed to acquire rival Extrafarma from industrial holding company Ultrapar for 700 million reais ($133.06 million), according to a securities filing on Tuesday.
Reuters had reported on the deal earlier on Tuesday, citing sources familiar with the matter.
The deal would make Pague Menos Brazil’s second biggest drugstore retailer, behind Raia Drogasil SA. It is currently ranked third.
Pague Menos shares rose almost 10% in the day, while Ultrapar, which is mostly focused on fuel distribution, fell 1.2%.
Extrafarma will increase Pague Menos’ number of stores by more than one-third, to 1,503, and reinforce its presence in Brazil’s northern and northeastern region, one of the sources said. ....

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Pakistan to get over 15 million doses of COVID vaccine in next two months - minister


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ISLAMABAD (Reuters) -Pakistan has purchased 13 million doses of COVID-19 vaccine from three Chinese companies and expects to receive them in the next two months, its health minister said on Thursday.
FILE PHOTO: A resident receives a dose of coronavirus disease (COVID-19) vaccine, at a vaccination center in Karachi, Pakistan March 22, 2021. REUTERS/Akhtar Soomro
The vaccines were procured from Sinopharm, CanSinoBio and Sinovac, Faisal Sultan told Reuters.
They will supplement around 2.4 million shots from the COVAX programme for poorer nations that are expected to arrive during that period.
“We will be continuously procuring from all available sources across the world,” Sultan said. “For now, China remains the primary source for vaccines to meet our present and ongoing needs but all our options are open for effective and safe vaccines.” ....

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