Reliance and Apollo join forces in bid to secure Boots takeover

Boots fascia

India’s largest listed company Reliance Industries and US buyout firm Apollo Global Management, which had both previously bid separately for Boots, have launched a joint bid for the health and beauty chain.

If their bid for Boots is successful, both Reliance and Apollo would own stakes in the health and beauty chain, although it is not clear whether the stakes would be of equal size.

Reliance and Apollo want to see Boots expand its physical presence in India, southeast Asia and the Middle East, according to the Financial Times.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.