Britain's Tesco buys wholesaler Booker for £3.7 bn
Supermarket chain Tesco, Britain
London - Arab Today
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Supermarket chain Tesco, Britain's biggest retailer, announced Friday it has agreed to purchase food wholesaler Booker for £3.7 billion ($4.7 billion, 4.4 billion euros). The blockbuster transaction -- billed as a merger -- will hand Tesco investors a majority stake in the combined company and create Britain's leading food business, the pair said in a statement. |
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