Australia's Sigma etches small gain after finalising merger with Chemist Warehouse

Reuters
13 Feb
Australia's Sigma etches small gain after finalising merger with Chemist Warehouse

SYDNEY, Feb 13 (Reuters) - Shares of Australia's Sigma healthcare SIG.AX opened slightly higher on Thursday after the firm finalised a merger with Chemist Warehouse to create a A$31 billion pharmacy and retail giant, rising 0.2%.

The value of the merger was A$8.8 billion when the deal was announced in December 2023 but Sigma shares nearly tripled over time.

(Reporting by Scott Murdoch; Editing by Chris Reese)

((Scott.Murdoch@thomsonreuters.com;))

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