Wal-Mart Stores Inc.’s Asda Group Ltd. unit offered to sell 47 of the 194 Netto U.K. discount supermarkets it plans to acquire to resolve local competition concerns, Britain’s Office of Fair Trading
Source: www.bloomberg.com
Asda to sell 47 Netto stores in UK - Virgin Media Music
Asda must sell a quarter of Netto's UK stores in order to gain clearance for its £778 million acquisition of the discount chain, it has emerged. The retailer, which is owned by US group Wal-Mart, agreed a deal in
Source: latestnews.virginmedia.com
Green Light For Asda Plans To Net Netto - Sky.com
But the deal has been cleared at a price - Asda must sell 47 of the existing 195 Netto stores. The supermarket giant says is "can meet these obligations" and "expects to complete the conversion of the Netto stores by
Source: news.sky.com
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ASDA: NETTO SALE IS AGREED - Daily Express
ASDA was yesterday given the green light to press ahead with its £778million takeover of Netto’s UK discount supermarkets. The Office of Fair Trading said it agreed to the deal provided Asda sold 47 of the 194
Source: www.dailyexpress.co.uk
Asda forced to sell one in four Netto branches - Daily Mirror
ASDA must sell 47 branches of Netto to win the competition watchdog’s approval for the £778million takeover. Having to ditch a quarter of the discount chain’s 195 stores is yet another setback for Asda, which
Source: www.mirror.co.uk
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
Source:
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
Source:
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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