23.05.2024 05:11:46 - dpa-AFX: Walgreens Boots Alliance Sells Cencora Shares For $400 Mln

WASHINGTON (dpa-AFX) - Walgreens Boots Alliance Inc. (WBA) said that it has
sold shares of Cencora Inc. (COR) pursuant to a share repurchase by Cencora in
the amount of about $400 million. Consequently, Walgreens Boots Alliance's
ownership stake in Cencora's common stock has decreased from about 13 percent to
about 12 percent.

Walgreens Boots Alliance said it will use the proceeds from the sale primarily
for debt paydown and general corporate purposes.

Walgreens noted that the sale has no impact to the long-term partnership between
the two companies. It remains fully committed to the strategic, mutually
beneficial relationship with Cencora, which has been a strong and trusted
partner since 2013. Chief Operating Officer, International of Walgreens Boots
Alliance, Ornella Barra, will continue to serve on Cencora's Board of Directors.

In February 2024, Walgreens Boots Alliance said it sold shares of Cencora common
stock for proceeds of about $942 million. Walgreens Boots Alliance's ownership
of Cencora's common stock decreased from about 15 percent to about 13 percent.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
Walgreens Boots Alliance A12HJF NASDAQ 15,550 14.06.24 23:29:00 +0,100 +0,65% 15,480 15,540 15,370 15,550

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