
NCBA Investment Bank
February 26, 2025 at 05:36 AM
*Toyota firm to buy another 69pc stake in Goodlife Pharmacy*
A Toyota-owned firm is set to acquire an extra 69.9 percent stake in pharmaceutical distributor Goodlife Pharmacy, giving it full control of the drug- store as the Japanese conglomerate boosts its deal making in East Africa.
Paris-based CFAO Group, a subsidiary of Toyota Tsusho Corporation, has inked a deal for the buyout of a
majority stake in Goodlife — which operates under Mauritius-based holding company Africa Chemist and
Beauty Care Inc (ACBC).
*_📸:Getty_*
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