Wal-Mart's Asda Buys UK Grocer Netto For $1.1B
Wal-Mart paid the money in cash to purchase Netto's stores from Dansk Supermarked A/S, a Danish retail group owned by shipping giant AP Moller-Maersk, the Telegraph reported Thursday.
A Wal-Mart spokesman confirmed that the transaction would be paid for with readily available cash.
Asda said Thursday it expected to finalize the deal after...
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