German pharmacy retailer and wholesaler Celesio has set its sights on more acquisitions in Latin America to offset sluggish growth in its home market. Chief executive Markus Pinger revealed the plans and said that he would expect to be ready to expand in 2013 and 2014 – giving the company next year to focus on improving internal efficiency. Pinger said he could imagine the retailer expanding in a Latin American country, citing Colombia, Argentina, Peru and Brazil as attractive target countries. The Middle East could also be an option, he said.