German drugs distributor Celesio is in no rush to forge an alliance or merger with a U.S. peer even though this would have some merits, its chief executive told a German newspaper. Reuters reported in July that U.S. drugs distribution groups McKesson Corp and Cardinal Health were both in talks to possibly take a stake in Celesio. “There is no urgent need for such an alliance (with a U.S. partner) even though it may indeed offer opportunities,” CEO Marion Helmes was quoted as saying in the Tuesday edition of daily Boersen-Zeitung.
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