14 Nov 2013
(MENAFN) Dubai-based retail group Majid Al Futtaim (MAF) Holding said that it’s close to a deal to purchase the Jordanian branch of supermarket chain Spinneys, Arabian Business reported.
MAF had been interested in acquiring all Spinneys branches outside the UAE, but that changed.
The company’s CEO said that the group is only seeking Spinneys Jordan and not other countries.
MAF purchased Carrefour’s minority stake in MAF Hypermarkets for USD681 million earlier this year.
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