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Walgreens Reportedly Eyes Sale of Boots Retail Chain
Walgreens Boots Alliance (WBA) is lining up Goldman Sachs to advise it on a review of options that could result in new owners for Boots, the U.K.-based health and beauty retailer, Sky News reported. A sale could value Boots, which operates about 2,200 stores, at more than US$6.5 billion.
There has been growing speculation in recent months that Deerfield, IL-based WBA might contemplate a sale of its British retail business, following the disposal of its European distribution arm, Alliance Healthcare, for US$6.5 billion earlier this year.
In a statement issued to Sky News on Friday, the company said: “Walgreens Boots Alliance (WBA) does not comment on market speculation and Boots is an important part of the Group.
“However, it is accurate that WBA announced a renewed set of priorities and strategic direction for the Group in October, which includes a more pointed focus on North America and on healthcare.”
- ◦Sale/Acquisition

