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Walgreens sells multiple shares in cencori; reduces the stake to 6%


(Reuters) – The American drugstore chain Walgreens Boots Alliance said on Thursday that he had sold multiple shares of Drug distributor Cencora for about $ 300 million in revenue.

The company said it now owns a 6% stake in Cencori, reducing it with 10% earlier. He sold Cencor shares worth $ 1.1 billion in August.

Walgreens sold shares worth around $ 265 million, and Cencora agreed to buy shares worth about $ 50 million, the company statement said.

Sales sales revenues will be used primarily to pay debt and general corporate purposes, as Walgreens continues to create a strategy for capital health services rooted in its retail pharmacy.

The pharmacy chain reiterated that sales have no influence on the long -term partnership of the two companies.

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