Booker sells food services for pounds 125m
Saturday 15 May 1999
Booker shares rose 6.5p to86p on the disposal which marks a significant step in the attempts by chief executive Stuart Rose to sell non-core businesses to cut debt.
Booker's debts will stand at around pounds 450m after the sale of the division, which recorded profits of pounds 12m on sales of pounds 884.9m last year. The deal is Bidvest's first move into the UK.
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