At a glance
- The Weston family already owns Shoppers Drug Mart, which FO Pro describes as Canada's largest pharmacy chain.
- A completed Boots acquisition would extend Wittington's pharmacy ownership to the U.K. and Ireland.
- The agreement has not closed, and no closing date or split between equity and debt was set out.
The Weston family's Wittington Investments agreed on Oct. 7 to acquire Boots and its 1,800 U.K. and Ireland stores from Sycamore Partners and the Pessina family for $8.9 billion including debt, FO Pro reported.
Fairfax Financial Holdings is a partner on the transaction, with Wittington holding operational control.
The Weston family already owns Shoppers Drug Mart, which FO Pro describes as Canada's largest pharmacy chain. A completed Boots acquisition would extend Wittington's pharmacy ownership to the U.K. and Ireland.
The agreement has not closed, and no closing date or split between equity and debt was set out.
Reported by the Family Office News desk from FO Pro — The Family Office Professional. Published . Corrections