Business & Investment

Walgreens said it would consider selling the UK unit

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Walgreens Boots Alliance Inc. is considering selling the UK drugstore chain Boots, which could cancel the 2014 blockbuster Atlantic merger by billionaire Stefano Pessina, according to someone familiar with the matter. That is.

Deerfield, Illinois-based pharmacy giants will not be identified as being lined up with Goldman Sachs Group, Inc. to advise on possible UK business options reviews, including the sale of units next year. The person who requested the disclosure of the personal information mentioned. Walgreens can also choose to list Boots as another listed company or continue its business. Walgreen Co.teeth Transport Topic Top 100 List of Largest Commercial Airlines in North America..

After Sky News reported on the review process, the company’s stock rose 4.2% in New York on December 3.

Walgreens has shifted to expanding into other healthcare businesses in recent months as drugstores face increasing competitive pressure from Amazon.com Inc. and other online retailers. In October, it agreed to invest $ 5.2 billion in its primary care provider, Village MD, to double its stake in the company.

“The Walgreens Boots Alliance has not commented on market speculation, and boots are an important part of the group,” the company said in a statement. “But it is accurate that the WBA announced new priorities and strategic directions for the group in October, which includes a clearer focus on North America and health care.”

Pessina, 80, continues to be chairman and largest shareholder of the company, although she handed over the reins to new CEO Ros Brewer this year. Most recently, in 2019, Pessina was considering a potential deal with a financial adviser to keep the company private in the interest of buyouts.

— With the help of Riley Griffin.

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Walgreens said it would consider selling the UK unit

https://www.ttnews.com/articles/walgreens-said-explore-sale-uk-unit Walgreens said it would consider selling the UK unit

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