Boots offloads pension scheme for £4.8bn amid fresh sales rumours

Boots parent company Walgreens Boots Alliance (WBA) has offloaded Boots employees’ pension scheme in “the largest single transaction of its kind”, it has announced. 

Fresh rumours are circulating that Boots will be put up for sale within six months

Boots’ parent company last week (November 24) announced that it had secured a £4.8 billion deal to hand over responsibility for all Boots pensions to financial service provider Legal and General (L&G) over the next two years.

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Kate Bowie

Read more by Kate Bowie

Kate Bowie joined C+D as a digital reporter in August 2023 after graduating from a master’s in journalism at City, University of London. She began covering the primary care beat at the end of 2022, when she carried out several health investigations focused on staffing issues, NHS funding and health inequalities.

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