Alliance Healthcare Russia

Alliance Boots announces today that it has acquired ownership of its associate, Alliance Healthcare Russia, from AB Acquisitions Holdings Limited, the ultimate parent company of Alliance Boots.

This follows the recently established strategic partnership with Walgreen Co. (Walgreens), which included among other things, an option for Walgreens to acquire the Alliance Healthcare Russia shareholding on exercise of its option to proceed to a full merger with Alliance Boots.

The change aligns accounting for the Group’s interests in Russia under IFRS and US GAAP.

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