UK - Boots deal one step closer to completion

The first delisting of a FTSE 100 company is one step closer to completion today after the trustees of the Alliance Boots pension fund struck a deal with KKR. The ТЃ11.1bn buyout is on track to complete on 28th June 2007 with KKR pledging to inject ТЃ418m in installments over ten years to fund a gap in the scheme. In addition, KKR, working alongside Boots deputy chairman Stefano Pessina, has set aside a ТЃ600m security package to safeguard the pensions of Boots 66,000 pension scheme members.