By
Reuters
Published
Aug 11, 2008
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New Clicks buys 60 pct stake in Direct Medicines

By
Reuters
Published
Aug 11, 2008

JOHANNESBURG, Aug 11 (Reuters) - South African drugs and cosmetics retailer New Clicks said on Monday it had bought 60 percent stake in courier pharmacy business Direct Medicines, for 13.2 million rand ($1.72 million).


www.NewClicks.co

The acquisition will enable Clicks to broaden its coverage in the retail pharmacy market and accelerate its national pharmacy presence, David Kneale, group chief executive of New Clicks, said in a statement.

(Reporting by Gugulakhe Lourie)

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