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Boots sold in £7bn deal to Canadian billionaire family

Boots has been sold in a deal worth £7bn to a Canadian billionaire family, with the transaction announced on Wednesday.

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Boots has been sold to a Canadian billionaire family in a deal valued at £7bn, according to an announcement made on Wednesday.

The transaction concerns the High Street chain Boots. No further details about the identity of the family, the terms of the deal or the timing of the change in ownership were provided in the supplied announcement.

The sale marks a significant ownership change for Boots, although the available information does not set out any immediate consequences for the chain, its operations or its customers.

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