Financial Times FT.com

Buy-out groups see off Apoteket’s peers

By Andrew Ward in Stockholm

Published: November 9 2009 12:27 | Last updated: November 9 2009 21:22

Private equity groups have triumphed over some of the most hotly tipped industry bidders in Sweden’s SKr5.9bn ($862m) auction of part of its state-owned Apoteket pharmacy chain.

Alliance Boots, Europe’s largest pharmacy group, was among those that lost out as financial investors clinched almost two-thirds of the available stores, it was announced on Monday.

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