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Woolworths Sells Dick Smith Electronics


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.
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