Nordic banks rally to back Sweden’s Apoteket sale

Sweden’s government sold off parts of its Apoteket retail pharmacy monopoly for Skr5.9bn (Eu575m) this week in a series of deals that used the loan market for funding.

  • 13 Nov 2009

Kronans Droghandel Retail, which bought 171 pharmacies, obtained a Skr1.3bn facility to finance its Skr1.56bn acquisition. The loan, divided into a Skr1bn term loan and a Skr300m revolver, was provided by Handelsbanken, Nordea, Pohjola and Sampo Bank.

Kronans Droghandel Retail is 80% owned by Finnish drug company Oriola-KD, which ...

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