Shop Apotheke denies takeover talks with Amazon (updated)
15/09/2017 12:27
(Recasts with denial, updates shares)
FRANKFURT, Sept 15 (Reuters) - German online pharmacy Shop
Apotheke SAEG.DE said on Friday it is currently not in talks
to be bought by Amazon.com Inc AMZN.O , denying an earlier
report by trade publication Apotheke Adhoc.
* Apotheke Adhoc had cited people close to the matter as
saying that Amazon.com and Shop Apotheke were in advanced talks
about a possible deal.
* The deal would value the online pharmacy, which
specialises in over-the-counter products, at more than 500
million euros, the publication had said.
* Amazon said it had not made any announcement with regards
to Shop Apotheke.
* Shop Apotheke's shares pared gains to trade 4.8 percent
higher at 44.02 euros after the company denied the report, after
earlier reaching 55 euros, the highest level so far since their
listing on the stock exchange last year.Further company
coverage: SAEG.BE
(Reporting by Frankfurt Newsroom)
((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270))