Italian billionaire Stefano Pessina to make £4.45bn from Boots merger

Executive chairman of Boots has made 1,500 deals and is nicknamed the ‘silver fox’ for his hair and deal-making ability

Stefano Pessina, a secretive Italian billionaire, is to become £4.45bn richer as a result of the $ 15bn (£9bn) Walgreens takeover of Alliance Boots.

The deal is worth £1.5bn in cash and a further £2.95bn in shares to the executive chairman and largest shareholder of Boots, nicknamed the "silver fox" for his hair and deal-making ability, and who has already amassed a fortune worth $ 10.9bn (£6.5bn), according to the the Forbes rich list.

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