Dansk Supermarked A/S on Thursday entered into an agreement to sell its fully owned subsidiary British supermarket chain Netto Foodstores Limited to Asda Stores Ltd for GBP 778 million (EUR 917.2 million) on a cash and debt free basis.
“Netto UK has been profitable and was appointed ‘Discounter of the Year’ in 2009 in the UK,” said Erling Jensen, CEO of Dansk Supermarked A/S. “We have substantial opportunities for growth in Scandinavia and Northe... (More Info)