The US pharmacy chain is allegedly finally closing in on a deal with American private equity firm Sycamore Partners, after talks originally began last year

Walgreens Boots Alliance is nearing a deal to sell itself to private equity firm Sycamore Partners for around $10 billion. The transaction could be announced as soon as Thursday, according to people familiar with the matter.

Sycamore Partners is nearing an acquisition of Walgreens Boots Alliance Inc., people with knowledge of the matter said, in a deal that could end the drugstore operator’s tumultuous run as a public company.