The OFT’s announcement paves the way for Asda to finalise its agreement with Dansk, with a requirement that Asda agrees to sell 47 Netto stores, which is at the high end of its expectations.
Asda is confident that it can meet these obligations and expects to complete the conversion of the Netto stores by late summer 2011 as planned. When the deal completes, the key elements of the plan to transform Netto’s UK stores will be to give customers access to a significantly expanded range of products at the same low Asda prices available at its other stores.
Read the full Asda press statement at this link.
Source: Asda
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