Insight - It’s time for Walgreens to let US$7bil Boots walk


Tough call: People walk by a Walgreens, owned by the Walgreens Boots Alliance Inc in Manhattan. The executive chairman of the company is contemplating offloading the business. — Reuters

STEFANO Pessina, executive chairman of Walgreens Boots Alliance Inc, is the ultimate deal maker. He’s currently exploring the prospect of offloading the historic Boots business, which would enable the drugstore giant to concentrate on United States healthcare.

But a disposal won’t be straightforward. Pessina will need all of his skills to achieve a decent price for it.

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