UK: Morrisons prepares GBP1bn store sale to counter takeover interest– report
UK grocer Morrisons is reportedly considering the sale of up to GBP1bn (US$1.96bn) of stores in a bid to fend off potential private equity takeover bids.
UK grocer Morrisons is reportedly considering the sale of up to GBP1bn (US$1.96bn) of stores in a bid to fend off potential private equity takeover bids.
The group is said to be in talks with Sol and Eddie Zakay over a 26-site deal. When approached by just-food today (26 March), Morrisons said that it is unable to comment on rumour and speculation.
It is understood that the sites considered contenders for sale are not part of the company’s core property portfolio.
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