LONDON-Hutchison Whampoa is adding 700 Superdrug stores to its existing UK portfolio with the £800 million ($1.2 billion ) acquisition of Dutch retailer Kruidvat.

The Hong Kong conglomerate already owns 280 Saver health stores in the UK, which combined with Superdrug would make a near 1,000-strong estate of shops in this country. The company, as part of the Kruidvat purchase, will also be acquiring a a further 1,200 outlets on the Continent.

Superdrug, which has now changed hands twice in just over a year, is the UK’s second-biggest chain of chemists after Boots.

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