13 August 2001

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Kingfisher sells 182 store properties, prepares sale of Woolworths

The British retail conglomerate Kingfisher has sold 182 store properties for 614 million GBP - close to 900 million USD. Most of these, 152 properties, house Woolworths stores. The company has decided to de-merge Woolworth and focus on its do-it-yourself and electrical sectors. Kingfisher has already sold it Superdrug chain to Dutch pharmacist Kruidvat.