Walgreens In Talks to Offload £7 Billion UK Pharmacy Chain Boots

 

• Company considering London listing for Boots pharmacy chain
• Deal would mark rare blockbuster IPO for beleaguered bourse

Walgreens Boots Alliance Inc. is reviving discussions on a potential exit from its UK drugstore chain Boots, people with knowledge of the matter said, nearly 18 months after a sale process was scrapped.

The company has been holding early talks about ways to separate Boots, which could be valued at about £7 billion ($8.8 billion) in a deal, according to the people. It’s studying a London initial public offering as one possibility, the people said.

https://www.bloomberg.com/news/articles/2023-12-12/walgreens-is-said-to-revive-discussions-on-7-billion-boots-exit