An Indian billionaire and U.S private equity firm are planning a takeover bid for UK high street retailer Boots.
Mukesh Ambani is one of India's richest men and is reportedly working with the U.S private equity firm Apollo Global Management to buy Boots. This comes after the Boots owner announced a review of the UK business with a May 16 deadline for final bids, which could put the retailer up for sale.
The new deal would have Boots undergo expansion into India, the Middle East and Southeast Asia. Business in the UK will also be set to grow with Boots being valued at £6 billion.
