Bain Made Takeover Approach for Retailer Boots, Times Reports
- Walgreens is exploring a sale of its U.K. drugstore chain
- Newspaper says that the chain may sell for 6-7 billion pounds
A Boots pharmacists, operated by Walgreens Boots Alliance Inc., on Oxford Street in London, U.K.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
U.S. private equity firm Bain Capital recently approached Walgreens Boots Alliance Inc. about a potential purchase of its U.K. drugstore chain Boots, the Times of London reported, without saying where it got the information.
Bain is positioning itself as a front-runner for an upcoming auction of the unit, the newspaper said. Boots only owns about a quarter of its stores and may be worth 6 billion pounds ($8.1 billion) to 7 billion pounds, according to the report.