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DGKV and Boyanov & Co Advise on Pharmastore Acquisition by Sopharma Trading

DGKV and Boyanov & Co Advise on Pharmastore Acquisition by Sopharma Trading

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Djingov, Gouginsky, Kyutchukov & Velichkov has advised the owners of the Pharmastore pharmacy chain in the sale of the business to Sopharma Trading. Boyanov & Partners advised Sopharma on the deal, which will result in Pharmastore's 19 pharmacies in the cities of Sofia and Bourgas operating under the SOpharmacy brand. The deal remains subject to approval by the Commission for Protection of Competition.

DGKV describes Sopharma trading as "one of the largest publicly listed companies in Bulgaria and a leader in the distribution of pharmaceuticals and medicinal products and devices," and reports that "the project is part of Sopharma’s long-term strategy for enhancement of its operations in the retail segment and shall guarantee the two pharmacy chains a stronger market position."

The DGKV team on the deal was led by Partner Stephan Kyutchukov and included Associates Alexander Shpatov, Dimo Staykov, Ivan Punev, and Tsvetelina Bayraktarova.

The Boyanov & Co. team was led by Partner Yordan Naydenov and included Partner Peter Petrov, Senior Associate Nikolay Kolev, and Junior Associates Nevena Djurova and Adriana Bakalova.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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