The 36.6 chain is selling off real estate to pay off debts
As of December 31, 2007, the retailer's net debt amounted to $271 million, the company reports. 36.6 CEO Jerry Kalmis explained the increase in debt burden by the rapid development of the network: since 2005, the number of pharmacies has increased from 445 to 1224, Vedomosti writes. Yesterday, at a meeting with investment bank analysts, Kalmis said that in order to reduce the load, the company plans to sell the European Medical Center (EMC), acquired a year and a half ago.