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News Feb 27, 2019

CVS’s Sale of Onofre to Raia Drogasil

Shearman & Sterling advised CVS Health Corporation in connection with an agreement to sell Drogaria Onofre to Raia Drogasil.

Onofre has 50 stores, of which 47 are located in the state of São Paulo, two in the state of Rio de Janeiro and one in the state Minas Gerais.

The acquisition of Onofre is expected to allow Raia Drogasil to increase its scale and presence in the physical retail space, as well as accelerate its digital strategy, increasing the density of deliveries and enhancing the performance of the Onofre em Casa program.

The team