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Dis-Chem plans JSE listing as it doubles pharmacies

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Johannesburg - Dis-Chem Pharmacies plans to start trading in Johannesburg as South Africa’s second-biggest pharmacy chain by number of stores looks to double its outlets in the next five to eight years.

Goldman Sachs, Investec and Standard Bank have been appointed as join coordinators and book-runners, the company said in a statement on Monday.

The offering will comprise private placements to selected institutional investors or people buying shares for R1m or more, it said.

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