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Aditya Birla Retail buys retail biz of Jubilant

Industry Retailing

Aditya Birla Retail (ABR), which owns the ‘More’ chain of retail stores, has announced the acquisition of the Total Superstore Business (Total Undertaking), the retail division of Jubilant Agri and Consumer Products Ltd. (JACPL). While the deal size was not disclosed, the all-cash deal will see ABR acquire Total’s assets on a slump-sale basis.

Extracted from The Hindu, May 13,’15

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