Bids for health and beauty giant Boots expected today

Boots logo on sign shown from street

Indicative bids for health and beauty giant Boots are expected to be submitted today, it is understood.

The deadline, reported by Reuters, may lead to a sale valuing Boots at as much as £8bn.

Private-equity house TDR Capital, which took control of Asda alongside entrepreneurs the Issa brothers, is thought to be among those interested in Boots, which is being sold by Walgreens Boots Alliance. It is thought to see an opportunity in integrating Boots and Asda.

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