February 12, 2017 / 7:24 AM / 7 months ago

Israel's Shufersal considers purchasing drugstore chain New-Pharm

JERUSALEM, Feb 12 (Reuters) -

* Shufersal, Israel’s largest supermarket chain, said on Sunday it is in the early stages of examining the possibility of acquiring local drugstore chain New-Pharm Drugstores.

* New-Pharm operates 68 branches throughout Israel.

* Shufersal said in a statement to the Tel Aviv Stock Exchange that its preliminary checks include examining antitrust regulations.

* New-Pharm is a subsidiary of Hamashbir 365 Holdings .

* Shufersal is controlled by holding company Discount Investment Corp. (Reporting by Ari Rabinovitch)

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