Pharmacy and healthcare services group Uniphar will use the proceeds of its planned stock market flotation to pay for near-term acquisition targets and to reduce its debt levels.

Uniphar, the Irish-owned pharmaceutical wholesale and distribution company, has reached agreement to buy aspects of fellow Dublin-based firm Cahill May Roberts for €50m.

THE future of Seán Dunne’s business empire remains uncertain after An Bord Pleanála (ABP) yesterday refused planning permission for the property developer’s high-rise development at the former Jury’s Berkeley Court site in Ballsbridge.