KKR in strategic purchase of German drugs distributor

Buyout firm KKR has bought German drugs distributor Anzag with the aim of giving British pharmacy chain Alliance Boots access to the European market, according to reports. KKR, which already had 30 percent of Anzag through Alliance Boots, increased that stake to 80 percent. Anzag is one of the three biggest firms in the EUR 24 billion ($31 billion) German drugs distribution market.

DealsNorth AmericaUSBriefs