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How big are your Boots?
It has been reported that Alliance Boots has acquired a 12% stake in Nanjing Pharmaceutical Company, a Chinese pharmaceutical wholesaler.
The £56 million deal makes Alliance Boots the second largest shareholder on the Nanjing Pharmaceutical board.
Boots, which first entered the Chinese market in 2008, said that it was aiming at a 20-30% share of the Chinese pharmaceutical distribution market and this move is in line with Chief Executive Stefano Pessina's objectives to increase presence in Latin America and China.
Watch this space!