Booker Group 3Q Sales Rose Ahead of Tesco Takeover
11 Januar 2018 - 9:07AM
Dow Jones News
By Dimitrios Kontos
Booker Group PLC (BOK.LN), whose takeover by retailer Tesco PLC
(TSCO.LN) has been approved by the U.K. regulator, said Thursday
that third-quarter sales rose on strong performance in its catering
and retail units.
The wholesaler said that like-for-like non-tobacco sales
increased 6.2% and non-tobacco total sales rose 5.9% in the 16
weeks ended Dec. 29 compared with a year earlier. Including
tobacco, like-for-like sales increased 3.8%, while total sales
increased 3.4% in the period, the company said.
The company said its proposed merger with Tesco is progressing
as planned and it expects that the shareholder vote to approve the
merger will take place toward the end of February.
Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com
(END) Dow Jones Newswires
January 11, 2018 02:52 ET (07:52 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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