Wittington agrees to acquire Boots from Sycamore and Pessina family

Wittington Investments agreed to acquire Boots and associated businesses from The Boots Group, majority owned by Sycamore in partnership with the Pessina family. Total purchase consideration is USD 8.9 billion including assumed debt. Fairfax is partnering with Wittington. The transaction remains subject to approvals and customary conditions and is expected to close in Q1 2027. Sycamore and the Pessina family will retain Farmacias Benavides and Alliance Healthcare Deutschland.