June 26, 2008
Baugur Sells Stake in Booker
Investment group Baugur has sold its 31.4% stake in Booker, a cash and carry operator. The stake sale raised about GBP102.7 million.
The Telegraph quoted a Baugur spokesperson as saying: "Now's the right time for us to get out, we've got a retail focus and Booker is a wholesaler."
Kaupthing Capital Partners, which has purchased 22% of Broker, has agreed to not sell its stake for the next one year.