JUNE 15, 2015
AAP
GROCERY wholesaler Metcash will sell its automotive division for $275 million.
AUSTRALIAN listed Burson Group, which owns the Burson Auto Parts brand, has agreed to buy the division, which includes the Autobarn, Autopro and Midas brands.
Metcash announced it was looking to publicly float its automotive businesses in May to help improve its balance sheet and enable to to focus on its struggling grocery business.
Posted in Industry News
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