Boots chemists outlets could be worth €8.4bn as sale kicks off

Boots chemists outlets could be worth €8.4bn as sale kicks off

Boots chemist frontage on Patrick Street in Cork

Walgreens Boots Alliance in the US has kicked off the sales process for its Boots international retail chemists as fresh buyout firms, including Sycamore Partners, consider bids, according to sources.

The US company is sending out preliminary information on the business to potential suitors ahead of first-round bids due in the coming weeks, the sources said. Boots, which mostly operates pharmacies in Ireland and Britain, could be valued at as much as £7bn (€8.4bn) in a sale, Bloomberg News has reported.

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