6th Jun 2005 07:01
Morrison(Wm.)Supermarkets PLC06 June 2005 06 June 2005 Northern Ireland Store Disposals Wm Morrison Supermarkets PLC ("Morrisons") announces the sale by Safeway Stores(Ireland) Limited of twelve stores and the benefit of four developmentagreements in Northern Ireland to Asda Stores Limited ("Asda"). The aggregateprice payable by Asda is £ 73.6m in cash plus the value of fuel stocks at theproperties on completion. The transaction is conditional upon OFT approval andthe obtaining of certain third party consents. Completion is expected to takeplace over a ten week period commencing in September 2005. The 12 stores which are subject to the sale are as follows: Ballyclare Bangor Belfast - Shore Road Belfast - Westwood Coleraine Cookstown Dundonald Enniskillen Kilkeel Newtownards Omagh Strabane The disposals are in line with Morrisons strategy of concentrating on itsmainland UK network. (END) Enquiries: Morrisons - +44 1274 356810Colin Middlemiss Citigate Dewe Rogerson - +44 207 638 9571Simon Rigby/Sarah Gestetner/Fiona Mulcahy This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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