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Ecuador: GPF Group will open 100 pharmacies following acquisition

 |  August 6, 2019
Chilean-Mexican pharmaceutical group SOFOCAR has announced plans to open some 100 pharmacies in Ecuador, through the brands Fybeca, SanaSana, Oki Doki, Provefarma and Abefarm. The decision to expand comes after authorization by the Superintendence of Market Power Control (SCPM) for Sofocar to acquire the shares of Fybeca.

Miguel Celedón, executive president of Corporación GPF, which controls the Sofocar brands, said the company was acquired by owning valuable and recognized brands for the Ecuadorian public. The opening of these new pharmacies would make the group, now integrated into the Mexican company Femsa, the second largest group of pharmacies in Ecuador.

“The projects we have in Ecuador… we can do it because there is good human capital, because they have understood our business model, we are going to take advantage of the opportunities…” the executive said. GPF runs 614 pharmacies in more than 100 cities in the 24 provinces that make up Ecuador.

Full Content: El Universo

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