Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Mark Banham

Walgreens abandons £5 billion Boots sale

Parent company Walgreens has decided against its £5 billion sale of high street chemist Boots (Matt Crossick/PA)

(Picture: PA Wire)

The parent company of high street pharmacy Boots has confirmed that it will retain ownership of the retailer after an extensive bidding process for the business blaming a shift in the global financial markets for the u-turn.

The decision marks the conclusion of a review that began in January this year and valued the Boots business at £5 billion.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.