P524 Teletext 524 Mar31 23:43:12
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BOOTS FINALISES SALE TO BASF
High Street group Boots has exchanged
contracts with Germany's BASF for the
£840m sale of its pharmaceuticals arm,
a deal agreed in principle last year.
The price takes into account net assets
of £230m as at end-March 1994 and Boots
will receive an extra £230m cash held
by its Puerto Rican subsidiary.
Profits before exceptionals were £79m
in the year to March 31 1994.
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