Reports are that Walgreens is holding indepth discussions with Sycamore Partners with a view to selling the Boots UK 1900 strong pharmacy, health products and cosmetics retail chain to the private equity firm.
An estimated £7.8bn valuation is being mooted and could see Stefano Pessina – owner of a 17 per cent holding in Walgreens Boots Alliance – emerging as the principal owner of Boots.
Watch this space.
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