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Brazil drugstore sector seen attractive for mergers and acquisitions

from The Wall Street Journal

With a population of almost 200 million residents, Brazil this year is projected to rack up $55 billion in sales of toothpaste, shampoo and similar items, according to data provided by PricewaterhouseCoopers. That would power it past Japan to become the world's second-largest market for hygiene and beauty products, behind the U.S. CVS Caremark Corp. (CVS) last year bought Drogaria Onofre, then Brazil's eighth-largest drugstore chain, and is reported by local news media to be hunting for bigger targets. more

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