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AUSTRALIA'S FOODLAND DROPS SALE OF DEKA NEW ZEALAND.
PERTH, June 1 Asia Pulse - Perth-based retailer Foodland Associated Ltd (ASX:FOA) today said the proposed sale of its Deka New Zealand Ltd to Number One Retail Group Limited will not proceed.
The company said today that despite substantial negotiations between the parties, the intended purchaser has withdrawn from the transaction.
"I am extremely disappointed by this latest turn of events as there was every reason to believe a sale would be successfully concluded. We had genuinely hoped to secure a positive future for all of the Deka team," ...
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Source: HighBeam Research, AUSTRALIA'S FOODLAND DROPS SALE OF DEKA NEW ZEALAND.