UK retailer Morrisons, which recently acquired compatriot grocer Safeway, is to sell off a further 14 stores as part of its agreed disposal programme.

Sainsbury’s has agreed to buy the stores for an undisclosed sum. They include 13 Safeway fascias and one Morrisons store, and have a book value of £110m (US$192.5m).

Commenting on the latest tranche of store divestments, Bob Stott, joint managing director of Morrisons, said: “Our integration of the Safeway business with Morrisons is progressing and today’s announcement is a further step in the overall process.

The deal adds over 400,000 square foot sales space to Sainsbury’s portfolio in the UK, a little less than 3%. It affects 2600 staff members who will transfer to Sainsbury’s.

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