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.