Pessina Fills His Boots with Pounds 500m ; Windfall for Tycoon with 'Life Partner' and Wife He Won't Divorce

Evening Standard - London › May 12, 2007

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Summary

BOOTS deputy chairman Stefano Pessina will cash in Pounds 500 million after masterminding the Pounds 11 billion takeover of the high street chemist, it emerged today.

Legal documents confirming the deal show the Italian billionaire is selling a third of his 15 per cent stake to the consortium of banks and private-equity house KKR that will be the new owners.

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Pessina Fills His Boots with Pounds 500m ; Windfall for Tycoon with 'Life Partner' and Wife He Won't Divorce

Pessina stunned the City when he announced plans...

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