Walgreens Boots Alliance (WBA) and McKesson Corporation (MCK) have agreed for Walgreens Boots to acquire the remaining 30% share of their GEHE Pharma Handel and Alliance Healthcare Deutschland joint venture. Financial terms of the deal have not been disclosed. Walgreens Boots Alliance expects this deal enables it to further strengthen its position as a leading pharmaceutical wholesaler in Germany.
Brian Tyler, chief executive officer, McKesson, said: "The sale of our minority stake in the GEHE-Alliance Healthcare joint venture in Germany is part of our stated intention to exit the European market to reinvest in strategic growth opportunities elsewhere."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.