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Walgreens Boots Alliance sells $1.1bn of Cencora shares, reducing stake to 10% for debt paydown and corporate purposes.
Walgreens Boots Alliance sells $1.1bn of shares in Cencora, reducing its stake to 10%.
The funds are set to be used for debt paydown and general corporate purposes, as the company continues to build a more capital-efficient health services strategy.
The sale does not impact the long-term partnership between Walgreens and Cencora, with Walgreens remaining committed to their strategic, mutually beneficial relationship.
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Walgreens Boots Alliance vende $1.100 millones de acciones de Cencora, reduciendo la participación al 10% para el pago de la deuda y propósitos corporativos.