Boots could be sold to Canada's Weston family for around £6.8 billion
UKPulse Money Desk
Boots, the chemist, is reportedly set to be acquired by the Weston family of Canada for approximately £6.8 billion, a move that could impact its potential London stock market listing.
- Boots could be sold for around £6.8 billion.
- The potential buyer is Canada's Weston family.
- A takeover by the Westons would make an IPO of Boots unlikely soon.
Boots, the chemist, is reportedly set to be acquired by Canada's Weston family for an estimated £6.8 billion. This potential sale could represent a further blow to the London stock market.
Dan Coatsworth, head of markets at AJ Bell, indicated that if the Weston family takes over, an initial public offering (IPO) for Boots would be unlikely to occur in the near future.