OREANDA-NEWS. January 28, 2010. SIA International LTD acquired 25% of OJSC Pharmacy Chain 36.6 and became one of its largest shareholders.

The partnership will help to combine efforts of the two largest companies and will create additional opportunities for further development of the pharmaceutical market.

Artem Bektemirov, CEO at Pharmacy Chain 36.6: “We are glad to welcome SIA International LTD as one of our shareholders and we regard the deal as very successful and prospective.

I am sure that the synergy stemming from mutual resources of the leading Russian pharmacy chain and the largest Russian drug distributor will take us another step closer to our strategic target – profitable growth of the company".

Igor Rudinsky, General Director at SIA International Ltd: “OJSC Pharmacy Chain 36.6 has been one of our key clients for many years. As its shareholder, SIA International LTD can reinforce this cooperation and will develop new mechanisms for further beneficial collaboration between our companies. This partnership will strengthen SIA International LTD position in the market and will boost company`s potential in development of cooperation with manufacturers and other distributors.

We will extend our cooperation through streamline of logistics and assortment co-management that will allow us to cut costs, reduce and stabilize prices, in order to make 36.6 more competitive for the consumer who is the end user of our services”.