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Ultrapar acquisition of Extrafarma requires Brazilian antitrust approval

By Flavia Fortes ( September 30, 2013, 22:44 GMT | Insight) -- NYSE-listed Brazilian holding company Ultrapar’s plan to acquire drugstore chain Extrafarma requires Brazilian antitrust approval, the company said in a statement. The acquisition of one of Brazil’s largest drugstore chains, valued at 1 billion reais (around $450 million), represents the entry of the conglomerate into the retail pharmacy sector.NYSE-listed Brazilian holding company Ultrapar’s plan to acquire drugstore chain Extrafarma requires Brazilian antitrust approval, the company said in a statement on Monday....

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