Asda 'Close to Deal'

Daily Post › January 13, 2011

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Summary

ASDA said yesterday it had moved a step closer to buying discount chain Netto's UK stores, after it found buyers for all sites it is required to sell by the Office for Fair Trading (OFT).

Asda has agreed to sell 16 stores to rival supermarket Morrisons for pounds 28.1m, three to Iceland and 20 to independent chain Haldanes, removing a major obstacle to the acquisition.

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Asda 'Close to Deal'

Asda, owned ...

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