Already a subscriber?Chemist Warehouse recorded a near 30 per cent rise in profit as sales grew strongly in the six months to December 31, ahead of its proposed ASX debut, according to the latest accounts published by Sigma Healthcare, with which it intends to merge.
Sigma and Chemist Warehouse, founded by the wealthy Melbourne Verrocchi and Gance families, announced plans to merge in December. The deal required the approval of the Australian Competition and Consumer Commission, which has started a consultation. The increased remuneration will come in two cash payments: $1 million in December and a second of $500,000 to be paid the following year. If the deal does not proceed, the second cash payment will increase to $1 million, Sigma said on Thursday.