Femsa completes acquisition of Ecuadorian drugstore operator

Source: globenewswire, Monday, May 6, 2019

Oxxo-owner, Femsa has stated on 30 April 2019 that its pharmacy subsidiary Socofar has completed the acquisition of Corporación GPF in Ecuador. The acquisition of GPF marks an important strategic initiative by FEMSA to enter the Ecuadorian market, where GPF has had a strong hold in the local market for past 90 years. GPF is a prominent drugstore vhain located in Quito, Ecuador with 620 stores across the nation operating under banners called Fybeca and SanaSana.