16th Aug 2016 16:00
RNS Number : 3489H
Morrison(Wm.)Supermarkets PLC
16 August 2016
News Release
16th August 2016
Morrisons sells its stake in Fresh Direct
Morrisons announced in March 2014 that it would dispose of its investment in US online food retailer Fresh Direct at an appropriate time.
Morrisons has completed the sale of its 10% stake in Fresh Direct for £45m in cash. This represents a premium of £14m to the £31m holding value of the equity investment.
- Ends -
Enquiries:
Wm Morrison Supermarkets plc
Andrew Kasoulis | Investor Relations | 0778 534 3515 |
Julian Bailey | Media Relations | 0796 906 1092 |
|
Citigate Dewe Rogerson
Simon Rigby | Media Relations | 0207 282 2847 |
Kevin Smith | Media Relations | 0207 282 1054 |
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