Sligro Food: Best day in 8-1/2 years on sale of retail arm
05/03/2018 08:08
** Shares in Dutch food distributor SLIGR.AS rise 6.6 pct,
on track for their best day in 8-1/2 yrs
** Co will sell its retail arm, which includes 130 grocery
stores, to privately owned supermarket Jumbo in a deal worth 400
million euros urn:newsml:reuters.com:*:nL5N1QN0UG
** KBC applauds deal and says it will enable co to rerate
towards peers -- ups PT by 26 pct to 51 euros and raises rating
to "buy" from "accumulate"
** "This deal ... will transform Sligro into a dedicated
foodservice player with a strong ambition on its two home
markets, the Netherlands and Belgium," says KBC
** Stock is best performer on the Amsterdam stock exchange
.AAX
((RM: alan.charlish.thomsonreuters.com@reuters.net))