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Booker Group to buy rival Makro in a deal worth £139.7m

Category: Business

Published: 30th May 2012 07:34:46

Food wholesaler Booker Group is buying rival Makro UK in a combined share issue and cash deal worth a total of £139.7m.

Booker is acquiring Makro UK from German owner Metro Group in exchange for new shares representing a 10% stake in Booker and a cash payment of £15.8m.

Charles Wilson, boss of Booker, said the deal would "improve choice, prices and service" for its customers.

Booker shareholders will be asked to vote on the deal next month.

Source:
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BBC News, 2012. Booker Group to buy rival Makro in a deal worth £139.7m [Online] (Updated 30th May 2012)
Available at: http://www.ukwirednews.com/news/1431728/Booker-Group-to-buy-rival-Makro-in-a-deal-worth-139-7m [Accessed 24th Apr 2014]

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