Walgreens to pay £1bn to offload Boots pension scheme

Boots Kew

Walgreens is considering a hefty payout to offload the Boots pension scheme and reinvigorate shelved plans to sell the retailer. 

The US pharmacy chain and Boots owner is reportedly set to pay £1bn to strike a deal, which would dissolve its responsibility for the UK retailer’s huge pension scheme.

According to The Sunday Times, the hefty potential payout “underlines Walgreens’ determination to restart the Boots sale process”, which could begin within the next six months.

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