20th Dec 2005 07:00
Morrison(Wm.)Supermarkets PLC20 December 2005 Store Disposal Wm Morrison Supermarkets PLC announces that it has exchanged contracts withSomerfield Stores Limited ("Somerfield") to sell the former Safeway stores atComely Bank, Burnside, East Craigs and Kings Heath which are now trading underthe Morrisons fascia. The aggregate value of the gross assets attributable to the stores is£15,220,206. The sale is subject to Office of Fair Trading approval with the sale of theBurnside and Kings Heath stores also subject to landlords' consents. All of thestores will continue to trade as usual until further notice. All staff will transfer to Somerfield on completion on their current terms andconditions of employment. USDAW has been informed of these developments. (END) EnquiriesCitigate Dewe Rogerson 020 7638 9571Simon RigbySarah Gestetner This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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