Sopharma Trading announces intentions to acquire 9 outlets of Royal Pharmacy - Софарма Трейдинг АД

Sopharma Trading announces intentions to acquire 9 outlets of Royal Pharmacy

Sopharma Trading – the leading company by revenue in the Bulgarian Pharma sector, has reached an agreement for the acquisition of 9 outlets of Royal Pharmacy chain. They are located in Sofia, Pernik, Dupnitsa and Radomir and the company intends to integrate them into the SOpharmacy family.

Sopharma Trading has been a leader in the pharmaceutical market for more than 15 years following its strategy for diversification of presence in market segments and regions. Since 2015, the company has also been developing its own SOpharmacy retail concept, with which it provides an innovative approach in serving the healthcare needs of Bulgarian patients. At the present SOpharmacy unites over 200 outlets in more than 40 cities, online pharmacy and since early 2023, customers can also benefit from the concept through the SOpharmacy APP mobile application.

Royal Pharmacy has been operating on the local pharmacy market for more than 10 years. It unites 11 outlets in Sofia, Pernik, Dupnitsa and Radomir. Royal Pharmacy is recognized by Bulgarian patients as a reliable provider of healthcare service.

“The acquisition of 9 outlets of Royal Pharmacy and their further integration under SOpharmacy is related to our strategy for growing our presence in the retail segment of the pharma market nationwide. This integration will allow us to strengthen our positions in Pernik, Dupnitsa and Radomir, to be closer to patients there and to provide them all the key benefits of our concept with which we established SOpharmacy as the loved pharmacy brand of Bulgarian customers”, said Ventsislav Marinov, Chief Executive Officer and a member of the Board of Directors of Sopharma Trading AD.

The acquisition is subject to approval by the Commission for the Protection of Competition, and in the short-term, until the acquisition is closed, the two chains will keep their autonomous governance.

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