Pharmacy chain set to offload stores

WARRINGTON-based Lloyds Pharmacy owner Celesio may have to sell some stores in 13 areas in order to complete its purchase of 277 Sainsbury's pharmacy stores.

The Competition and Markets Authority (CMA) launched the second phase of an investigation in December and an independent panel has identified areas in England and Wales where the two companies' pharmacies are "such close competitors that the merger would be expected to lead to a substantial lessening of competition".

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