As per reports, Walgreen Boots Alliance (WBA) has abandoned the sale of its Boots drugstore chain that was expected to bring +$6B after failing to secure the desired valuation for the UK business amid an unstable credit market.
The healthcare group had been in talks with a consortium between Reliance Industries Ltd. and Apollo Global Management Inc. over the sale of Britain’s biggest pharmacy chain, however, the two parties couldn’t reach an agreement on value, prompting Walgreens to pull the sale.
The Reliance-led consortium was offering less than the £7 billion Walgreens had initially sought. The main competitor in the bidding was a consortium of Britain’s billionaire Issa brothers and TDR Capital. However, the race between the two lost steam as financing markets became weighed down by rising concerns around inflation and the Ukraine-Russia war.
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.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.
