Pounds 500m Pay Day for Italian Businessman Buying Boots

Daily MailMay 10, 2007

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Summary


THE Italian businessman who masterminded the takeover of Boots will earn Pounds 500million from the deal.

Stefano Pessina, 65, will also own shares worth more than Pounds 1billion in the company when the deal is completed.

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Extract


Pounds 500m Pay Day for Italian Businessman Buying Boots

Union leaders yesterday described the windfall as 'obscene and unacceptable'.

They c...

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