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SBRY Sainsbury (j) Plc

268.00
-1.00 (-0.37%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sainsbury (j) Plc LSE:SBRY London Ordinary Share GB00B019KW72 ORD 28 4/7P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.37% 268.00 266.60 266.80 269.60 265.80 267.40 6,211,246 16:35:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Grocery Stores 31.49B 207M 0.0878 30.39 6.29B

Sainsbury(J) PLC Sainsbury's & Celesio form pharmacy partnership (4179U)

29/07/2015 9:20am

UK Regulatory


Sainsbury (j) (LSE:SBRY)
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RNS Number : 4179U

Sainsbury(J) PLC

29 July 2015

J Sainsbury PLC forms pharmacy partnership with Celesio AG

J Sainsbury Plc (Sainsbury's) and Celesio AG, owner of Lloyds Pharmacy Limited (LloydsPharmacy), today announce the formation of a strategic partnership that will see LloydsPharmacy acquire Sainsbury's pharmacy business for GBP125m. In addition, Sainsbury's will receive commercial annual rent payments from LloydsPharmacy for each location. LloydsPharmacy has agreed to acquire 281 pharmacies in total, including 277 in-store pharmacies and four located in hospitals, all of which will be rebranded as LloydsPharmacy. Sainsbury's and LloydsPharmacy customers will benefit from an enhanced pharmacy service delivered from Sainsbury's stores with all the benefits of accessible parking, flexible opening hours and convenient locations. The deal is expected to complete by the end of February next year, subject to regulatory conditions being satisfied.

ENDS

 
 For Investor Enquiries   For Media Enquiries 
 
 Investor Relations       Sainsbury's Press Office 
 0207 695 0080            020 7695 7295 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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