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Photo-Me in talks about possible Asda transaction

27 April 2016 07:23

Photo-Me International said it is in talks to acquire the assets relating to Asda Stores Ltd's UK Photo Product Division with a view to operating the business from Asda stores.

It said Asda Stores Ltd would soon make an internal announcement to its staff about the future of the UK Photo Product Division.

At this stage, there can be no certainty that a definitive and binding agreement will be reached, it said.

Story provided by StockMarketWire.com

Related Company: PHTM

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