sold

Australian retail giant, Woolworths (ASX:WOW) has sold Dick Smith Electronic to Anchorage Capital Partners for $20 million.

• In the ASX stockmarket announcement, Woolworths said that it had signed a share sale agreement for 100 percent of the Dick Smith Electronics subsidiary to Sydney based Anchorage Capital Partners.
• Dick Smith electronics has 325 stores with 4,500 employees.

Receivers for troubled electronics retailer Clive Peeters (ASX:CPR) have sold 32 of the company's brick and mortar stores to former rival retailer Harvey Norman (ASX:HVN). The 32 stores came at a price of $55 million.