Reliance, Apollo lodge US$6 billion bid for Boots business
Inside Retail
JUNE 12, 2022
Indian conglomerate Reliance Industries has reportedly partnered with US private equity fund Apollo Global Management to buy a majority stake in UK-headquartered health & beauty retail chain Boots. Current parent, US group Walgreens Boots Alliance, is expected to retain a minority stake in the business, as high as 40 per cent, according to a report by The Guardian.
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