A Toyota-owned firm is set to acquire an extra 69.9 percent stake in pharmaceutical distributor Goodlife Pharmacy, giving it full control of the drugstore as the Japanese conglomerate boosts its dealing making in East Africa.
Paris-based CFAO Group, a subsidiary of Toyota Tsusho Corporation, has inked a deal for the buyout of a majority stake in Goodlife — which operates under Mauritius-based holding company Africa Chemist and Beauty Care Inc (ACBC).
