The transaction is expected to be completed in 2022 subject to conditions, including receipt of the required regulatory approvals. The agreement follows McKesson’s recently announced sale of European businesses.
 
Daniel Adams – Usdaw National Officer says: “Following the news of this major upheaval, we have contacted the business for urgent meetings to better understand the implications for our members.
 
“While we welcome the initial indication that the sale will lead to investment and growth in each of the business divisions, this will remain an unsettling time for our members, who have been on the frontline in the battle against Coronavirus. Usdaw will therefore be seeking assurances on future plans and in relation to jobs, along with members’ terms and conditions.”
 
Notes for editors:
 
Usdaw (Union of Shop, Distributive and Allied Workers) is the UK's fifth biggest trade union with over 370,000 members. Most Usdaw members work in the retail sector, but the union also has many members in transport, distribution, food manufacturing, chemical industry and other trades.
 
For Usdaw press releases visit: http://www.usdaw.org.uk/news and you can follow us on Twitter @UsdawUnion