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EBRD's €25 Million Investment in Pelion Group Boosts Growth in Pharmaceutical Distribution in Poland and Baltic States.

2023-12-27 00:00:00

The European Bank for Reconstruction and Development (EBRD) has announced a significant investment of €25 million in the Pelion Group. Pelion, a prominent Polish pharmaceutical firm, is recognized for its extensive involvement in wholesale distribution, retail pharmacy, and retail cosmetics in both Poland and the Baltic states.

This substantial funding from the EBRD is intended to propel Pelion Group's ambitious growth plans. These include broadening its presence in Poland through the acquisition of new assets and the introduction of innovative products and services, such as telemedicine and e-commerce platforms. This investment not only strengthens the existing partnership between EBRD and Pelion Group but also bolsters Pelion's goal to become the premier pharmaceutical distributor in Europe.

Frederic Lucenet, the EBRD's Global Head of Manufacturing and Services, emphasized the significance of this investment, noting that it enhances Pelion's financial flexibility and helps elevate its quality standards as it seeks growth both within the EBRD regions and beyond.

Elisabetta Falcetti, the EBRD Head of Poland and the Baltic states, highlighted the strategic nature of this investment. She pointed out that it aligns with the EBRD’s focus in Poland on promoting innovation and digitalization, particularly through supporting Pelion Group's expansion into telemedicine and digital services. This move is expected to substantially increase access to healthcare services across Poland.

Pelion Group, a market leader in pharmaceutical distribution in Poland, has been in operation for over three decades and employs more than 11,500 staff. Its retail division, CEPD, ranks as the third-largest pharmacy operator in the European Union, boasting over 1,660 pharmacies across Poland, Lithuania, and Sweden. Pelion has been associated with the EBRD since 2019.

The EBRD's commitment to Poland is reflected in its position as one of the primary institutional investors in the country. Since commencing its Polish operations in 1991, the Bank has invested upwards of €13.9 billion across 515 different projects in Poland.