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Clifford Chance

Clifford Chance


New M&A opportunities in the Italian market of retail pharmacies

24 November 2015

Ownership of retail pharmacies in Italy has traditionally been subject to restrictions; however, an evolving trend towards liberalization, to align the Italian market to that of other EU countries, is now changing the face of the market. The new legislation towards liberalisation will relax rules on ownership of retail pharmacies.

The opportunities for investments in the sector are also a reflection of the crisis in the privately-owned pharmacies sector. Economies of scale, with standardised practices and organisations, may be the way out of the crisis affecting the sector currently.

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