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Turcan Cazac assists Gedeon Richter Plc. with sale of Moldovan subsidiaries to Felicia Group of Companies

Turcan Cazac has assisted world-renowned Gedeon Richter Plc., the parent of the Gedeon Richter Group of Companies, with the sale of its two Moldovan subsidiaries, Gedeon Richter-Retea Farmaceutica SRL and Rihpangalfarma SRL, to the Felicia Group of Companies, one of the leading retail and wholesale pharmaceutical groups in Moldova. The transaction documents regarding the sale were signed on 18 June 2021, with closing of the sale taking place on 7 July 2021.

Following this industry-shaping transaction, Gedeon Richter will no longer operate branded retail pharmacies in Moldova, while the Felicia Group will significantly strengthen its position in both the retail and wholesale segment.

The team advising on this project was led by managing partner Alexander Turcan and partner Vadim Taigorba and included partners Ana Galus, associate Mihai Gutu and junior associate Catalina Birsanu.