National grocery and liquor wholesaler Metcash has announced that it has entered into an agreement to sell its remaining Action supermarkets in Western Australia.
Go deeper with GlobalData
The stores, which are now branded Supa IGA, were acquired through Metcash’s purchase of Foodland’s Australian businesses in 2005.
Metcash said the large-format Supa IGA stores have been sold to a joint venture of existing, independent IGA retailers and former Foodland executives, with Metcash retaining a minority stake.
The divestment, which remains subject to due diligence, is expected to be completed by the end of October 2007, the company said. The net proceeds from the sale are expected to be in line with its previous forecasts, Metcash added.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
