Fontana has disclosed that the $650 million used to acquire Monarch Pharmacy from Gerk was raised from a bond issue.
A detailed analysis of its latest cash-flow statement indicated that this was the amount of money pumped into the acquisition of the pharmacy chain which had outlets in St Andrew and St. Catherine.
Fontana's financial statements for the quarter ended March this year also indicate $350 million in notes payable between August 2025 and January 2026.
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