US Owner of Boots Revives Plan to Offload UK Pharmacy Chain

The US parent company of Boots has revived plans to offload the UK’s biggest pharmacy chain. Walgreens Boots Alliance, which abandoned a £5bn sale of Boots and its related No7 Beauty brand last year, is reportedly exploring options including an initial public offering on the London Stock Exchange. The US pharmacy company abandoned a separation of Boots last summer, blaming global financial market conditions that meant potential buyers were struggling to borrow enough money. The company, which is reportedly in early talks about the future of Boots, values the business at about £7bn, according to Bloomberg.

Read the full article: US Owner of Boots Revives Plan to Offload UK Pharmacy Chain //

Source: https://www.theguardian.com/business/2023/dec/13/us-owner-of-boots-revives-plan-to-offload-uk-pharmacy-chain

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