Retailer Wal-Mart is buying Netto UK from its Danish owner for 778 million pounds ($1.1 billion) and will convert the stores to its Asda brand, cementing its position as Britain’s No. 2 grocer.
*For more on this story, read the full Reuters article.
Wal-Mart’s Asda to Buy UK Rival Netto for $1.1B
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