By and and  on June 19, 2012

PARIS — Walgreen and Alliance Boots are set to create the world’s first global pharmacy-led health and beauty group, as well as the largest international wholesale and distribution network in the industry.

Walgreen Co. is set to acquire a 45 percent equity stake in Alliance Boots GmbH, in a cash-and-stock transaction valued at $6.7 billion. The newly merged company will have 365,000 employees and more than $110 billion in combined revenue. It will be present in 30 countries, with three major brands: Walgreens, Boots and Alliance Healthcare. It will also have more than 11,000 stores in 12 countries.

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