UK retailer Morrisons has brushed off reports that it has received approaches for 25 property assets worth around GBP1bn (US$2bn).
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Reports in the UK today (5 July) claimed interest has been registered in some of the property Morrisons owns outside its namesake supermarkets.
However, a spokesman for Morrisons said the reports were “speculation”, although he reiterated that the company is looking to unlock the value from some of its property assets.
Any moves would likely reduce debt and help the company return cash to shareholders.
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By GlobalData
