TAS pharmacy chain buys Cosmo pharmacy chain
From：Taiwan Trade Center, Kyiv
The TAS group of Sergei Tigipko, which owns the TAS pharmacy chain, buys the Cosmo pharmacy chain, reports Business Censor, citing the press service of TAS. The transaction is expected to be completed in the first quarter of 2019 after obtaining permission from the Anti-Monopoly Committee.
The TAS pharmacy chain is part of the TAS business group controlled by Sergei Tigipko. It has 114 pharmacies, 71 of which are located in Kiev. The TAS report is only about acquiring the pharmaceutical division of the Cosmo network. In addition to pharmacies, this brand employs more than 100 stores of health and beauty products in 28 cities of Ukraine.
The owner of the Cosmo network is the American Sigma Bleyzer, which through the company SBF Southeast European Holdings acquired the company Sumatra LTD (the Cosmo network) in 2007. The pharmacy business of the Cosmo retail chain has 28 pharmacies in Kiev and the region. For the last two years, the top management of the company devoted a lot of time to developing the pharmacy direction. According to Sergey Bartoshchuk, chairman of the supervisory board of the Cosmo network, in 2017-18, pharmacies grew from 25% up to 30% in sales.
The financial advisor to the Cosmo shareholders on the sale of the pharmacy business was the investment company Atlas Advisors. Andrey Didenko was invited to introduce a new software product in the united network of TAS pharmacies, who has successful experience in introducing modern IT technologies into the Cosmo pharmacy network. The current general director of the TAS pharmacy network, Valery Gudzenko, will head the Supervisory Board of the company.
Recall last fall it was reported that the owners of the Dnepropetrovsk network Prostor (the company "Style D") are negotiating the purchase of the business of the company "Sumatra LTD", which owns the network "Cosmo". The general director of the Cosmo network, Georgy Sheiko, said that the retailer regularly negotiates the sale of his business.