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Booker Group to buy rival Makro in a deal worth £139.7m | Booker Group to buy rival Makro in a deal worth £139.7m |
(about 2 hours later) | |
Food wholesaler Booker Group is buying rival Makro UK in a combined share issue and cash deal worth a total of £139.7m. | Food wholesaler Booker Group is buying rival Makro UK in a combined share issue and cash deal worth a total of £139.7m. |
Booker href="http://otp.investis.com/clients/uk/booker/rns/regulatory-story.aspx?cid=240&newsid=252038" >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. | 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. | Booker shareholders will be asked to vote on the deal next month. |
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