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Carlyle in advanced talks to invest in Malaysian drugstore chain

Caring Pharmacy is majority-owned by 7-Eleven Malaysia

Caring Pharmacy operated 120 stores in East Malaysia and one store in West Malaysia as of 2019, according to its website. (Source photo from Caring Pharmacy website)

JAKARTA/HANOI -- Global investment company Carlyle is in advanced discussions with Malaysia's Caring Pharmacy to buy a sizable stake in the drugstore chain, three sources aware of the development told DealStreetAsia.

Caring Pharmacy, which sells pharmaceutical, health and personal care products, is majority-owned by 7-Eleven Malaysia Holdings, the Kuala Lumpur-listed owner of the country's 7-Eleven convenience store chain. Sources indicated the deal could reach over $300 million in size.

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