Casa Saba Bags Brazil’s Drogasmil

Mexican retail pharmaceutical group Casa Saba has acquired 100% of Brazilian pharmacy chain Drogasmil for BRL185m. The purchase constitutes Saba’s first acquisition outside Mexico, says Saba. Drogasmil’s sale totaled BRL270m in 2007, the company says. It operates in the populous Brazilian states of Rio de Janeiro, Parana and Sao Paulo. In 2007, Saba had sales of MXP25bn.