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Why is Woolworths up for sale for £1?

April 26, 2017answer Business corporations Finance for sale woolworths

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Why is Woolworths up for sale for £1?

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£1 is the nominal price to pay to acquire the company, but along with the assets like property and stock, the buyer also becomes liable for the huge debt. That’s why nobody is prepared to buy it. You can read more about it on my blog.