The Apprentice Sets Out to Beat Londons Office Rental Record Page 28 ' Kkr Gives a Pounds 1bn Pension Boost to Boots

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BOOTS pension fund won a major victory over private-equity buyer KKR today as it agreed to stump up Pounds 1 billion in cash and guarantees for the scheme just a day before private-equity chiefs face a grilling by MPs.

With KKRs Dominic Murphy among those giving evidence to the Treasury Select Committee, the US firm, which set a European record with its Pounds 11 billion buyout of Alliance Boots, said it had reached agreement with the Boots trustees.

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The Apprentice Sets Out to Beat Londons Office Rental Record Page 28 ' Kkr Gives a Pounds 1bn Pension Boost to Boots

Under the deal, KKR will pay ...

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