March 5, 2018 / 6:54 AM / 7 months ago

Food distributor Sligro sells retail operations in $491 mln deal

AMSTERDAM, March 5 (Reuters) - Sligro, a Dutch food retail group, said on Monday it will sell its retail arm, which includes 130 grocery stores, to privately owned supermarket Jumbo in a deal worth 400 million euros ($491 million).

Under the deal, Sligro will also sell a meat-packing plant, real estate, and become the preferential supplier to some Jumbo stores.

$1 = 0.8135 euros Reporting by Toby Sterling, Editing by Sherry Jacob-Phillips

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