Millionaire Issa brothers weigh up £10bn Boots takeover


Asda owners, the Issa brothers, are a takeover of high street health and beauty retailer, Boots.

The millionaire business tycoons, who have purchased 6,000 petrol station forecourts around the world as well as the Big 4 grocer just over a year ago, are in early discussions over the adding Boots to its portfolio.

The news comes as last week Bain Capital and CVC Capital Partners placed a joint bid for the beauty retailer, which employs 50,000 employees and is said to be worth as much as £10 billion.

READ MORE: Issa brothers could bring mini-Asdas to Europe

According to Sky News, Bain and CVC were being advised by bankers at Lazard on their interest in Boots.

The discussions by the Issa brothers come after they sealed a £6.8 billion takeover bid of Big 4 grocer Asda last year.

They borrowed £3.5 billion to finance the bid and planned to sell the grocer’s petrol stations to EG Group, their sister company.

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