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Walgreens revives plans to sell or float Boots

Walgreens has revived plans to sell Boots, with options including a new London listing.

Walgreens Boots Alliance is said to have revived plans to sell off the 1,900-store retailer after it recently agreed to transfer Boots’ £4.8bn pension scheme to Legal & General.

The deal means that Walgreens can hive off Boots, which is expected to be valued at around £7bn. It shelved plans for a sale last year, citing an “unexpected and dramatic change” in market conditions.

The Times (£)
The Telegraph (£)

Photo by Geoffrey Swaine/Shutterstock (10641021be)

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