The billionaire Isa brothers are in pole position to buy Boots after a group of major bidders dropped out. According to Sky News, the owners of Asda remain in the running to acquire the pharmacy giant after a team of interested buyers, Bain Capital and CVC Capital Partners, dropped out of a £6billion deal.
Boots has around 2,200 stores in the UK, employing more than 50,000 people, and according to the Mirror a takeover could be worth as much as £10billion. READ MORE:"It seemed really serious" - Large police presence including tactical aid unit and forensics in Royton Sky said the firms pulled out because Walgreens wanted too much money for Boots.
Buyers who are also understood to be interested in the past include investment firm Advent, Carlyle and KKR. KKR owned Boots in the past, before selling it to Walgreens.
Boots would not comment. Asda has been approached for comment. Bank Goldman Sachs is handling the sale. The sale process is being run by Goldman Sachs.
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