View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 16, 2004

UK: Morrisons planning to sell 132 Safeway stores

UK supermarket group Wm Morrison is drawing up plans to sell 132 smaller Safeway stores when it completes the £3bn (US$5.7bn) takeover of its rival.

UK supermarket group Wm Morrison is drawing up plans to sell 132 smaller Safeway stores when it completes the £3bn (US$5.7bn) takeover of its rival.

The stores could be sold with the rights to the Safeway brand name and could attract a price tag as high as £300m, the Sunday Telegraph reported. It is thought that a number of convenience store groups and financial buyers have already expressed an interest in buying the portfolio of stores.

Morrisons had originally intended to keep the smaller stores, even though the group has little experience of running convenience stores.

Related Companies

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food