By Josh White
Date: Monday 17 Dec 2018
LONDON (ShareCast) - (Sharecast News) - Dairy Farm International Holdings confirmed the completion of its acquisition of the remaining 51% interest in Philippines chemist chain Rose Pharmacy from BRG Realty Corporation - a company owned by the Lim Family, who founded Rose Pharmacy - on Monday.
The Bermuda-domiciled, Hong Kong-focussed, London-listed retail conglomerate said that as a result of the transaction, it now held a 100% interest in Rose Pharmacy.
Dairy Farm initially announced its agreement to acquire the rest of Rose Pharmacy on 2 October.
At the time, it said completion remained dependent on the approval of the Philippine Competition Commission, which was expected to take up to six months.
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