Empresas Juan Yarur Enters Chilean Retail Market

Chilean financial holding company Empresas Juan Yarur has entered the retail market by buying one of the country’s leading pharmacy chains, Salcobrand, for $129.4 million equivalent (69.5 billion pesos or 940 pesos per share). The acquisition will give Empresas Juan Yarur a network of 296 outlets and annual sales of around $450 million, representing a market share of around 26%. IB partners advised Empresas Juan Yarur; ABN AMRO advised Salcobrand.