Asda is to sell 30 of the stores the retailer acquired in its purchase of Netto UK earlier this year.
The supermarket has been asked to make the disposals by the Office of Fair Trading. Asda snapped up the discounter’s UK arm in May for £778m, taking on 193 outlets as part of a bid to develop its portfolio of smaller stores.
Press reports have linked Morrisons with a move for some of the 30 stores Asda is looking to offload.
Last week The Grocer revealed that Asda was already pressing ahead with plans to integrate the new stores despite not having received regulatory approval for the deal. It plans to open a new distribution centre in the north of England to service the new stores, most of which are in the region.
Asda in a rush to integrate Netto stores (30 July 2010)
Is Netto a good catch for Asda and what’s the plan? (analysis; 5 June 2010)