 India’s Reliance Industries (RELI.NS) is investigating a bid for drug retailer Walgreens Boots Alliance’s UK-based Boots business, Bloomberg News covered Wednesday, refering to individuals acquainted with the matter.
Boots is being sold as a feature of a bartering cycle drove by Goldman Sachs (GS.N) and can be esteemed at as much as 8 billion pounds ($10.49 billion), Reuters detailed in February, referring to sources.
The Boots business ranges across 2,200 stores in the UK, including drug stores, wellbeing and excellence stores, as per the chain’s site.
Boots
Considerations were progressing and there was no assurance Reliance would really offer for Boots, the Bloomberg report cited individuals who asked not to be recognized as the data was classified.
While a representative for Boots declined to remark on the news, Reliance was not accessible for reaction late around evening time in India.
U.S.- based Walgreens said in January it was directing an essential survey of the Boots business as the second biggest U.S. drug store chain recharges its attention on homegrown medical services.
Different admirers for Boots incorporate TDR Capital, which possesses general store chain Asda, a consortium of CVC Capital Partners and Bain Capital as well as U.S. venture company Apollo.
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