Walgreens Boots Alliance in the US has kicked off the sales process for its Boots international retail chemists as fresh buyout firms, including Sycamore Partners, consider bids, according to sources.
The US company is sending out preliminary information on the business to potential suitors ahead of first-round bids due in the coming weeks, the sources said. Boots, which mostly operates pharmacies in Ireland and Britain, could be valued at as much as £7bn (€8.4bn) in a sale, Bloomberg News has reported.
They would be competing with Bain Capital and CVC Capital Partners. Advent International and KKR are also studying potential bids, people said at the time. Walgreens is also considering a potential initial public offering of Boots if buyout interest is muted, the sources said.
Read more: Irish Examiner
