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Boots parent company sells off $1.1bn wholesaler shares

 
• By Kate Bowie

Walgreens Boots Alliance (WBA) has sold off $1.1bn-worth of shares in a wholesaler, with the cash from the sale to be used to pay for debts and to create more “capital-efficient” retail pharmacies. 

Boots store
Cash from the sale will “be used primarily for debt paydown”
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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