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The Independent UK
The Independent UK
Business
Henry Saker-Clark

Asda agrees to sell supermarkets in £568m deal

Asda

Grocery giant Asda has agreed to sell 24 supermarket sites and a key depot in a deal worth £568 million.

In a move to improve its finances, the debt-laden retailer will utilise a sale-and-leaseback arrangement, allowing it to continue operating the locations without interruption.

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