<p>Reliance Industries Ltd and Apollo Global Management's consortium is likely to win the bid to acquire Walgreens Boots Alliance Inc's Boots pharmacies unit in the United Kingdom, a move that will help Mukesh Ambani's behemoth strengthen its presence in the healthcare sector.</p>.<p>“RIL-Apollo Global looks likely to be announced as the winner of the binding bidding round.”, a source <a href="https://www.livemint.com/companies/news/rilapollo-leads-in-race-for-boots-pharma-chain-11654800926055.html" target="_blank">told</a> <em>Mint</em>. The exact bid has not been specified but the RIL-Apollo consortium has valued the assets of the unit in the range of $7-8 billion.</p>.<p>If US-based Walgreens accepts this bid by Ambani, it will be the largest cross-border acquisition by Reliance. The healthcare company based in Chicago put its Boots unit up for sale in December, seeking a valuation of $8.8 billion.</p>.<p>Walgreens runs over 2,200 Boots pharmacies across the United Kingdom, other European nations including Italy, Ireland, and Netherlands.</p>.<p>Another consortium led by the co-founders of Euro Garages and stakeholders in Asda reportedly withdrew their bids after a disagreement on the valuation of assets.</p>
<p>Reliance Industries Ltd and Apollo Global Management's consortium is likely to win the bid to acquire Walgreens Boots Alliance Inc's Boots pharmacies unit in the United Kingdom, a move that will help Mukesh Ambani's behemoth strengthen its presence in the healthcare sector.</p>.<p>“RIL-Apollo Global looks likely to be announced as the winner of the binding bidding round.”, a source <a href="https://www.livemint.com/companies/news/rilapollo-leads-in-race-for-boots-pharma-chain-11654800926055.html" target="_blank">told</a> <em>Mint</em>. The exact bid has not been specified but the RIL-Apollo consortium has valued the assets of the unit in the range of $7-8 billion.</p>.<p>If US-based Walgreens accepts this bid by Ambani, it will be the largest cross-border acquisition by Reliance. The healthcare company based in Chicago put its Boots unit up for sale in December, seeking a valuation of $8.8 billion.</p>.<p>Walgreens runs over 2,200 Boots pharmacies across the United Kingdom, other European nations including Italy, Ireland, and Netherlands.</p>.<p>Another consortium led by the co-founders of Euro Garages and stakeholders in Asda reportedly withdrew their bids after a disagreement on the valuation of assets.</p>
