Walgreens Boots Alliance’s (WBA) executive chair Stefano Pessina will nearly double his stake in the U.S. pharmacy group to about 30% as part of its $10B takeover by private equity group Sycamore, The Financial Times’ Ivan Levingston and Oliver Barnes report. 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 and will also deepen his involvement in the group ahead of a possible break-up, according to people familiar with the matter.
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