Fairfax Financial Partners With Wittington Investments to Buy The Boots Group for $8.9 Billion
MT newswire2026/10/07 14:2510:25 AM EDT, 10/07/2026 (MT Newswires) -- Fairfax Financial (FFH.TO) agreed to partner with Wittington Investments to buy The Boots Group, for about $8.9 billion, it said in a statement on Wednesday. Boots is a major pharmacy, health and beauty retailer in the United Kingdom and Ireland. The company entered into an equity commitment letter pursuant to which it has agreed to provide, or cause an affiliate of it to provide, up to about $2.3 billion for the purposes of satisfying the purchase price to be paid for Boots, it said. Fairfax is expected to own 50% of the equity of Boots, with Wittington having operational control and Galen Weston serving as Chair of Boots, after the completion of the deal. Closing of the deal is expected in the first quarter of 2027, subject to some conditions. The company added that the deal does not include Boots' businesses in Germany and Mexico which will be retained by their current owner. Wittington Investments, is the private holding company for the Weston family based in Canada and is the controlling shareholder of George Weston (WN.TO), and through it, Loblaw Companies (L.TO) and Choice Properties (CHP-UN.TO), it added. Fairfax shares were last seen up 0.1% at CA$2,214.86 on the Toronto Stock Exchange. Price: 2218.08, Change: +5.95, Percent Change: +0.27
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