The US High Street Boots High Street Boots says that he will be taken deprived as part of an agreement of $ 10 billion (7.8 billion pounds Sterling).
This decision puts an end to almost a century of negotiations on public procurement against the Walgreens Boots Alliance.
He saw his debt increase as customers concerned with costs have chosen to buy online and opted for cheaper products.
About 300 stores in the pharmacies chain have recently been closed through the United Kingdom to try to consolidate its activities.
There are now 1,900 boots stores in the United Kingdom.
The total value of the transaction could be worth up to 23.7 billion dollars, including the debt and possible payments.
Under the agreement, the American investment company Sycamore Partners will pay $ 11.45 per share for Walgreens. This is more than what its shares are currently worth on the US stock market.
Walgreens’ shares have increased by almost 6% in prolonged trade in New York.
The agreement should conclude in the fourth quarter of this year.
Tim Wentworth, CEO of Walgreens, said in a press release that the company was sailing on the “challenges of a rapidly evolving pharmacy industry and an increasingly complex and competitive retail landscape”.
“While we are progressing in relation to our ambitious recovery strategy, the creation of significant value will take time, concentration and change that is better managed as a private company,” he added.
We do not know what the agreement would mean for British boots and operations.
Walgreens, based in Illinois, took a 45% stake in Boots in 2012.
He bought the rest of the business two years later in an agreement that appreciated the boots at around 9 billion pounds sterling.
Walgreens also includes its homonymous retail trade, the specialized pharmacy group Shields Health Solutions and the health care provider Villemd.
In recent years, the company has been faced with assembly challenges while customers have turned to cheaper rivals for grocery store and prescriptions.
In 2022, Walgreens put the boots for sale, but then abandoned these plans, claiming that buyers were unable to collect enough funds to buy the pharmacy company.
Last October, he announced that he would close 1,200 Walgreens stores in the United States over the next three years as part of an ambitious cost reduction plan.
