Asda must sell a quarter of Netto's UK stores in order to gain clearance for its £778m acquisition of the discount chain, it has emerged. The retailer, which is owned by US group Wal-Mart, agreed a deal in May to
Source: www.dailymail.co.uk
OFT tells Asda to sell 47 Netto stores - Financial Times
The Office of Fair Trading is demanding that Asda sell 47 Netto stores to appease competition concerns, a higher level of disposals than the UK arm of Walmart had expected when it struck the £778m deal to
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UPDATE 1-Asda to sell 47 Netto stores to appease watchdog - Reuters
LONDON, Sept 23 (Reuters) - Asda, the British arm of U.S. retailer Wal-Mart ( WMT.N ), needs to find a buyer for almost a quarter of the stores it wants to acquire from discounter Netto in order to win
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UK Fair Trading Office Seeks Remedies on Asda/Netto Merger - FLEXNEWS
Asda has offered to sell 47 Netto stores across the UK to resolve local competition concerns raised by the merger. The OFT concluded that the acquisition would not give rise to competition concerns at a national
Source: www.flex-news-food.com
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