18th Aug 2005 07:01
Morrison(Wm.)Supermarkets PLC18 August 2005 Morrison (Wm.)Supermarkets PLC18th August 2005 Wm Morrison Supermarkets PLC MORRISONS SELLS NINE SAFEWAY STORES TO SAINSBURYS Wm Morrison Supermarkets PLC announces that it has agreed to sell nine Safewaystores to Sainsbury's Supermarkets Limited. The stores are located in Acocks Green, Andover, Bitterne, East Kilbride,Eastleigh, Hammersmith, Midsomer Norton, Morden and Slough. The value of the gross assets as at 30 January 2005 attributable to the ninestores to be sold was approximately £16.8 million. The sale of the stores isconditional on the approval of the Office of Fair Trading (OFT). The stores will transfer to Sainsburys on completion, with all staff alsotransferring to the new owner. (Ends) Enquiries: Morrisons Press Office 01274 356806Ben Howes Citigate Dewe Rogerson 0207 638 9571Sarah Gestetner/Anthony Kennaway This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MRW.LSainsbury's