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Home Companies Corporate deals

Deal: HealthPlus Secures $5million Loan From IFC

Nairametrics by Nairametrics
October 19, 2014
in Corporate deals
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Leading Phamarcy HealthPlus Ltd and CasaBella International Ltd have  reached an agreement with the International Finance Corporation (IFC,) a member of the World Bank Group to provide a $5million loan facility to help the companies expand pharmaceutical and personal care services in Nigeria.

According to the Nation, Under the agreement, IFC will assist HealthPlus and CasaBella to establish a central distribution center in Lagos and expand their combined retail business network from 38 to 120 stores across Nigeria within the next three to four years.

HealthPlus runs a well known branded chain of Pharmacies in Lagos and is present in most public malls and airports. HealthPlus and CasaBella are related parties.

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Original article appeared in The Nation

Tags: News Review
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