Walgreens Considers £7bn UK Listing of Boots

Potential move marks a return to the London Stock Exchange after a 16-year hiatus, providing a much-needed boost for the market.

Walgreens Boots Alliance, the US owner of Boots, is considering a £7bn UK listing of the high street pharmacy chain, marking a return to the London Stock Exchange after a 16-year hiatus.
The move comes two years after Walgreens abandoned a sale of Boots due to an 'unexpected and dramatic change' in financial markets.
The potential listing could provide a boost for London's stock market, which has seen a decrease in listings in recent years.
Walgreens' new CEO, Tim Wentworth, is reportedly more focused on US operations and may be interested in offloading Boots.
Boots recently offloaded its pension scheme to Legal & General in a £4.8bn deal, which could make the company more attractive to investors.