March 18 (Reuters) - Walgreens Boots Alliance's ( WBA )
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.
Pessina, Walgreens' top shareholder with a roughly 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 FT 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. healthcare, the
newspaper had reported in February.
Pessina and Sycamore declined to comment to the FT, while
Walgreens did not respond to a request for comment. Reuters
could not immediately reach Pessina for comment, while Walgreens
and Sycamore did not respond to a request for comment.