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.

August 01, 2024
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