One of the world’s richest men is said to have teamed up with an American private equity firm to make a £5 billion bid for UK pharmacy giant Boots.
Indian billionaire Mukesh Ambani’s company Reliance Industries has been working with Apollo Global Management on a potential move for the Nottingham-based retailer since April. It is understood that both have now placed a formal takeover approach.
Back in the spring BusinessLive spoke to insiders who confirmed that Mr Ambani was interested in buying the high street business, having considered, then dropped, a bid for Chelsea FC.
