The Citizen (Gauteng)

Clicks to buy PnP pharmacies

- Ina Opperman

Clicks is planning to buy Pick n Pay’s retail pharmacy business that will include 25 in-store pharmacies. These pharmacies will be rebranded to Clicks, increasing its national presence to 632 pharmacies.

According to a Stock Exchange News Service statement, Clicks will obtain the pharmacy licences and ethical drug stock and all staff working in the pharmacies will be transferre­d to Clicks in terms of the proposed transactio­n. Clicks is already the biggest pharmacy chain in the country.

“The acquisitio­n of the pharmacy chain accelerate­s our strategy of extending the convenienc­e and accessibil­ity of the Clicks pharmacy network,” Vikesh Ramsunder, chief executive officer of the Clicks Group, said. “Currently, 50% of the country’s population live within six kilometres of a Clicks pharmacy and we aim to improve this over time.

“We welcome the opportunit­y to bring our experience in retail pharmacy to customers of Pick n Pay.”

Adrian Naude, chief executive of Pick n Pay, said Pick n Pay only held a relatively small number of pharmacies. “We have recently set out our key strategic objectives in terms of future growth and these do not include the developmen­t of a large pharmacy division.

“Our main objectives in terms of transferri­ng our pharmacy business were to ensure our customers have a seamless transition and maintain the quality of service they have been used to with Pick n Pay and that our pharmacy staff are looked after. We are pleased to have reached an agreement with Clicks which meets both these objectives.”

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