Watson has more than 17,000 stores in 31 markets, including the Superdrug chain in the UK and Rossmann pharmacies in Germany, according to its website. It also runs the Watsons chain of health and beauty shops across Asia, as well as grocery, wine and electronics stores in Hong Kong. Singapore state investment firm Temasek Holdings Pte owns about 25% of Watson.
Considerations are preliminary and no final decisions have been made, including on the size of the potential offering, the people said.
Representatives for Hutchison and Temasek declined to comment.
Hutchison has considered a Watson share sale before, and Temasek’s also explored options including selling its stake. Hong Kong’s been a busy market for listings, with more than US$32 billion raised in first-time share sales this year.
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Dow Jones reported earlier Friday that Hutchison was planning a dual listing of Watson in Hong Kong and the UK, targeting the first half of next year.
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