Walgreens looking for UK drug chain buyer: Report

Walgreens Boots Alliance is reportedly looking for a potential buyer for Boots, a $8.8 billion drug store chain located in the UK, Bloomberg reported May 13.  

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People familiar with the matter told Bloomberg that Walgreens is working with advisers to host discussions with would-be bidders for Boots. 

Those sources said no formal sale process has begun. 

According to Walgreens’ website, there are 2,177 Boots stores in the UK. 

A Walgreens spokesperson declined to comment on the matter to Bloomberg

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