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Birmingham Post
Birmingham Post
Business
Henry Saker-Clark, PA Deputy Business Editor & Hannah Finch

Sale of Boots pharmacy chain pulled by US owner WBA

The US owner of pharmacy chain Boots has pulled its plans to sell the UK retailer.

Walgreens Boots Alliance (WBA) has said it will now keep Boots and the No7 beauty brand under its existing ownership following a strategic review which started in January and saw the group receive a number of takeover approaches.

These reportedly included approaches from suitors such as Indian billionaire Mukesh Amban i, valuing the business at about £5 billion.

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