Brief: Sainsbury’S Agrees Sale Of Argos To Swift Partners

J Sainsbury

31/07/2026 07:45

July 31 (Reuters) - J Sainsbury PLC SBRY.L:
SAINSBURY(J) PLC  - SAINSBURY’S AGREES SALE OF ARGOS TO SWIFT PARTNERS
SAINSBURY - TO RECEIVE AT LEAST £120 MILLION CASH PROCEEDS FROM ARGOS SALE
SAINSBURY: TRANSACTION IS EXPECTED TO RESULT IN A NON-CASH IMPAIRMENT OF AROUND £350 MILLION
SAINSBURY - DEAL EXPECTED TO RESULT IN £350 MILLION NON-CASH IMPAIRMENT
SAINSBURY - EXPECTS FY27 UNDERLYING OPERATING PROFIT £975 MILLION-£1.08 BILLION, RETAIL FREE CASH FLOW OVER £500 MILLION
SAINSBURY: IMPACT OF TRANSACTION ON UNDERLYING EARNINGS PER SHARE IS EXPECTED TO BE LOW SINGLE-DIGIT ACCRETIVE
Source text: ID:nRSe7282Oa
Further company coverage: SBRY.L

 ((Reuters.Briefs@thomsonreuters.com;))