Boots Owner In Talks to Offload £7 Billion UK Pharmacy Chain
- Company considering London listing for Boots pharmacy chain
- Deal would mark rare blockbuster IPO for beleaguered bourse
A Boots stock offering would be a big boost to the London market.
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The owner of Boots is reviving discussions on a potential exit from the UK pharmacy chain, nearly 18 months after a sale process was scrapped, people with knowledge of the matter said.
Walgreens Boots Alliance Inc. has been holding early talks about ways to separate Boots, which could be valued at about £7 billion ($8.8 billion), according to the people. It’s studying a London initial public offering as one possibility, the people said.