TITLE

Bibby Line Group buys 51% stake in Costcutter

AUTHOR(S)

Brown, Roger

PUB. DATE

September 2007

SOURCE

Motor Transport;9/13/2007, p3

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

The article reports on the majority stake acquired by Bibby Distribution's parent company in convenience store chain Costcutter. Liverpool, England-based Bibby Line Group has taken a 51% stake in the supermarket group, including the previous shareholding held by Icelandic bank Kaupthing. The deal is believed to have valued Costcutter, which has a turnover of �540 million (m) and earnings of �13m, at more than �100m.

ACCESSION #

31610219

Tags: ASSET acquisitions;  COSTCUTTER Supermarkets Group Ltd.;  BIBBY Line Group Ltd.;  EQUITY stake;  TURNOVER (Business);  CORPORATE profits

 

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