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Walgreens Rileva Alliance Boots Datum: 20.06.2012 Il Sole 24 Ore S.p.A. Medienart: Print Themen-Nr.: 513.2 20149 Milano Medientyp: Publikumszeitschriften Abo-Nr.: 513002 0039/ 023022 1 Auflage: 330'000 Seite: 28 Erscheinungsweise: 7x wöchentlich Fläche: 37'158 mm² Farmaceutica. Nasce il primo gruppo globale della distribuzione da una inedita integrazione euro-americana Walgreens rileva Alliance Boots Intesa da 6,7 miliardi $ per il 45% e opzione sul totale in tre anni Leonardo Malsano moltiplicare attraverso M&Adi portare a termine l'operazio- gt* La farmacia più grande delun business senza uguali alne - Pessina salirà - il calcolo è mondo è nata ieri, ponte infini-mondo. È del 2007 il delisting diorientativo - al 16% con il suo to fra Gran Bretagna e Stati Uni-Boots e l'accordo paritetico conveicolo finanziario Alliance ti. Potrebbe assomigliare a qual-il fondo di private equity KkrSanté Participations SA. E Kkr cosa del genere il logo del grup-per rilevare e rilanciare Allian-sarà presumibilmente fuori del po che verrà, sbocciato dall'ope-ce-Boots. Cinque anni dopotutto. Il fondo di private equity razione che porta gli americaniquel leverage buyout da recordha incassato la quota cash (la di Walgreens, leader assolutianche per i9 miliardi di poundtransazione è avvenuta sulla ba- dei drug store negli Usa, nel ca-di debito, Stefano Pessina è ri-se di 4 miliardi di dollari in con- pitale di Alliance Boots, leadertornato alla dinamica di sem-tanti e il resto con 83 milioni di assoluto della farmaceutica nelpre, ovvero si fonde e si...allun-titoli) oltre a una fetta d'azioni, Regno Unito e oltre.Euna fusio-ga. A conclusione di questa pri-mentre l'ingegner Pessina ha ma parte del deal avrà l'8% dì ne destinata a svilupparsi in foots Waegteeit due fasi. La prima è appena an-Walgreens diventandone il pri- data in scena e prevede l'acqui-mo azionista. Quando sarà ter- sto del 45% del capitale di Al-minata anche la seconda fase - liance Boots da parte di Walgre-gruppo Usa ha l'opzione (non ens per 6,7 miliardi di dollari inl'obbligo) di rilevare il restante azioni e in cash (8,7 volte l'ebi-55% anche se ieri il ceo Greg tda). La seconda seguirà entro ilWasson ha ribadito la volontà 2015 quando, se i progetti saran- no rispettati, Walgreens conclu- derà un'acquisizione che le par-PESSINA PRIMO AZIONISTA ti insistono nel definire fusione,L'attuale presidente comprando il restante 55 peresecutivo italiano cento. della società britannica Sulla tolda di un deal transa- diventerà il socio più tlantico che non ha precedenti Partner. Stefano Pessina (sinistra) c'è ancora una volta Stefanoimportante della nuova entitàe Gregory Wasson di Walgreens. Pessina, 63 anni, ingegnere, lom- bardo di nascita, maestro nel Medienbeobachtung ARGUS der Presse AG Argus Ref.: 46459265 Medienanalyse Rüdigerstrasse 15, Postfach, 8027 Zürich Ausschnitt Seite: 1/2 Informationsmanagement Tel. 044 388 82 00, Fax 044 388 82 01 Sprachdienstleistungen www.argus.ch Datum: 20.06.2012 Il Sole 24 Ore S.p.A. Medienart: Print Themen-Nr.: 513.2 20149 Milano Medientyp: Publikumszeitschriften Abo-Nr.: 513002 0039/ 023022 1 Auflage: 330'000 Seite: 28 Erscheinungsweise: 7x wöchentlich Fläche: 37'158 mm² scelto, una volta ancora, solopre voluto fare un imprendito-con la francese Alliance Santé quote di capitale. E lo stesso fa-re che ha teorizzato la logica diper poi unirsi alla britannica rà fra due anni e mezzo quandoscala diluendo sè stesso per ra-Unichem, fino al merger del Walgreen metterà sul tavologionare in grande. «Tutto co-2006 con Boots, prologo al deli- 9,5 miliardi di dollari per il re-minciò nel1982 - ci ha ricordatosting, nel 2007, di Alliance Bo- stante 55% più il trasferimentoOrnella Barra, ceo della divisio-ots». Si crea valore, si diminui- del debito di Alliance Boots. MtIMERI sce la quota e si moltiplica l'im- Dei 9 miliardi di sterline pero. Il prossimo passo? «Con- dell'esposizione iniziale ne so- solidarci in Cina e in America no rimasti da saldare ancora set- Latina», ha spiegato Pessina. te. La storia si ripete e la logica è45% «Siamo già presenti su quei sempre di tipo industriale conLa quota mercati - ha precisato Ornella l'obiettivo, ormai realizzato ma È la partecipazione che il Barra - ma questa operazione forse non del tutto completato,colosso Usa Walgreen prenderà accelereràlapenetrazione. di creare la farmacia del mon- in Alliance Boots in una Non solo: ci esporrà all'espe- do, moltiplicando il valore peroperazione che contepla una rienza Usa consentendoci di ri- un investimento che collocaopzione per un pieno takeover versarla sulla nostra filiera di Pessina nella fascia alta degli im-nell'arco di tre anni. farmacie europee». La sinergia prenditori miliardari. Quando fra i due gruppi è stata salutata l'abbraccio si sarà completato, come il vero valore aggiunto il gruppo anglo-americano che6,7 miliardi dell'operazione dal ceo di Wal- fa e farà largamente capo a unIl valore in dollari greens, Greg Wasson, che ha in- italiano, avrà umila punti vendi- L'accordo annunciato ieri sistito sulla formazione di un ta in dodici Paesi e 370 magazzi- prevede il pagamento di 4 gruppo senza uguali nell'area ni all'ingrosso capaci di distri- miliardi di dollari in contanti "pharmacy-led-wellbeing". buire a i7omila farmacie in 21 Pa-oltre a 83,4 milioni di azioni. Si calcola che il primo anno ci esi. «Perché non abbiamo scel-ne wholesale e internazionalesaranno economie di scala pari to la via dell'Ipo? - ha replicatodel gruppo, compagna dell'inge-a 100-150 milioni di dollari che Stefano Pessina a un giornalistagnere dall'inizio dell'avventuradiventeranno un miliardo di - Perché avrebbe significato pri-- con la fusione fra la mia socie-dollari nel 2016. Effetti della pri- vilegiare la logica finanziaria ri-tà, Di Pharma, e Alleanza Far-ma farmacia planetaria. spetto alla creazione di valoremaceutica di Stefano. Così nac- industriale». E questo ha sem-que Alleanza Salute che si fuse Medienbeobachtung ARGUS der Presse AG Argus Ref.: 46459265 Medienanalyse Rüdigerstrasse 15, Postfach, 8027 Zürich Ausschnitt Seite: 2/2 Informationsmanagement Tel. 044 388 82 00, Fax 044 388 82 01 Sprachdienstleistungen www.argus.ch.
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