High Street
Boots chair to hike stake to 50% following $10bn takeover deal
Private equity group Sycamore will take a majority share however, sources told The Times
The chairman of Boots is reportedly set to hike his stake in Walgreens Boots Alliance to almost 50% as part of the group’s $10bn (£7.5bn) takeover deal, The Times has reported.While chair Stefano Pessina, who previously held a 17% stake in the Anglo-American group, will put in more money to increase his stake, new owner Sycamore will take a majority share, sources told The Times.
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