DGKV advised the owners of PHARMASTORE pharmacies chain in the sale of their business to Sopharma Trading – one of the largest publicly listed companies in Bulgaria and a leader in the distribution of pharmaceuticals and medicinal products and devices. Once the deal is concluded, the target’s 19 pharmacies in the cities of Sofia and Bourgas shall start operating under the SOpharmacy brand. 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. In addition to assistance in the commercial negotiations, DGKV was also responsible for the structuring advice and negotiation of transaction documents on the seller’s side. The deal remains subject to approval by the Commission for Protection of Competition.

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