Walgreens Boots Alliance Sells Russian Pharmaceutical Wholesale Business To 36.6; Acquires 15 Percent Of Russian Company

Walgreens Boots Alliance, Inc. said it has sold its Russian pharmaceutical wholesale business, Alliance Healthcare Russia, to the country’s leading health and beauty retailer 36.6. Under the terms of the purchase deal, Walgreens Boots Alliance will own a 15-percent stake in the 36.6 group, which operates about 1,000 stores in Moscow and the surrounding region. Also, the Russian company employs about 4,800 people.