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Competition Agency to Agree Purchasing of 100% Farmadepo Shares by GPC

Due to the order of 28th of December, 2017 by Competition Agency 2016, GPC decided to purchase 100% shares of ABC Pharmacy (Farmadepo).

To explore the situation on the market, Competition Agency requested to get information not only from different state departments (National Statistics Office of Georgia, Revenue Service) but from more than 150 different pharmaceutical company.

In the process of decision making, circumstances have been considered and represented combination is not reflected negatively on the service prices and promotes the business development of the field.

Georgian Health care ABC Pharmacia (Farmadepo) is planning to join GPC and afterwards wants to create a new pharmacy network JSC Georgian Pharmacy (GEPHA).

The shares of Georgian Health Care Group in a new company will be 67% and rest of 33% shares will belong to Farmadepo, more precisely to company share-holders Enriko Beridze and Mikheil Beridze. 

GEPHA will own 230 Pharmacy Network on the whole scale in Georgia