Proposed disposal of DIY chain could boost Sainsbury’s hopes of acquiring Argos, also owned by HRG
Home Retail Group is in advanced talks to sell its Homebase DIY and home furnishings business to Australian conglomerate Wesfarmers for £340m.
The deal, which could be announced as early as this week, could help clear the way for Sainsbury’s to buy Home Retail’s Argos chain.
from Mergers and acquisitions | The Guardian http://ift.tt/1mWpEoV
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