DEERFIELD, Ill. — Walgreens Boots Alliance's executive chair Stefano Pessina will almost double his stake in the U.S. pharmacy group to about 30% as part of its $10 billion takeover by private equity group Sycamore, the Financial Times reported on Tuesday morning.
Pessina is Walgreens' top shareholder with about 17% stake in the company he helped forge through the 2014 merger of Walgreens and Alliance Boots, will inject cash into it as part of the deal, the Financial Times said, citing people familiar with the matter.
Pessina will also deepen his involvement in the group ahead of a possible break-up, the FT said.
Sycamore is planning a three-way split of Walgreens into a U.S. retail pharmacy, Boots UK and U.S. health care.
