Lloyds Pharmacy makes second attempt to acquire McCabes Pharmacy

Competition authority had put the brakes on the acquisition, ruling it was 'invalid'

Sharon McCabe, chief executive of McCabes Pharmacy.

Lloyds Pharmacy owner, PHX Ireland, will once again try to complete its proposed acquisition of McCabes Pharmacy after its previous attempt was ruled invalid by the competition authority.

In October last year, PHX Ireland, which is a part of the German-based Phoenix Group, agreed to acquire McCabes Pharmacy in a deal which would create a chain of 113 stores countrywide. The deal would mean the two retail entities would merge their operations and trade under the McCabes brand.