As per reports, Reliance Industries Ltd. is in talks with several global banks to raise as much as $8 billion for its planned leveraged buyout of Walgreens (WBA) Boots Alliance’s international arm. The company is in talks with Barclays Bank Plc, Deutsche Bank AG, HSBC, and Standard Chartered Bank to buy the Boots drugstore chain.
Earlier this month, a consortium of Apollo Global Management Inc. and Reliance made a binding offer for Boots valuing it at more than $6.1 billion, as per a Bloomberg report. As per sources, the Walgreens Boots Alliance board is likely to meet in the next few days to discuss the potential deal with the consortium, following which the Reliance board will meet to approve the proposed takeover.
Walgreen Boots Alliance (WBA) is a pharmacy-led, health and well-being enterprise with a long history of trusted healthcare services, community pharmacy care, and pharmaceutical wholesaling dates. To learn more about Walgreen Boots Alliance (WBA) and to continue to track its progress please visit the Vista Partners Walgreens Boots Alliance Page.
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