Walgreens Boots Alliance won't sell Boots - report

Tuesday, 28. June 2022 14:17

Walgreens Boots Alliance Inc. will stop the auction process for its United Kingdom-based subsidiary Boots, Sky News reported on Tuesday, citing unnamed banking sources.

Participants in what looked like at least a £5 billion bidding war over the British pharmacy chain have experienced difficulties, as banks that would have helped finance a potential transaction had been concerned over a deal of that magnitude at a time when the globe is facing wider economic issues.

The £8 billion pension scheme was reportedly another obstacle for prospective buyers of Boots.

Related Links: Walgreens Boots Alliance Inc.
Author:
Baha Breaking News (BBN) / MS