Temasek Buying Watsons Foreshadows Expected Consolidation in Asian Drugstores
Temasek Holdings, an investment firm based in Singapore, recently purchased almost 25 percent of drugstore chain AS Watsons for US $5.7 billion. Watsons has a strong presence across all of Asia and reached sales of US$ 4.9 billion in 2013. As drugstore chain sales continue to grow in Asia, more consolidation and takeovers are expected as well as store expansions and increased product portfolios.
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