LONDON (Alliance News) - Photobooth and self-service laundry machine operator Photo-Me International PLC on Wednesday said it is holding talks to acquire the UK Photo Product unit of retailer Asda Stores Ltd.
Photo-Me said it is in talks to buy the assets with the view to operating the business via Asda stores. Asda is a UK grocer owned by US giant Wal-Mart Stores Inc.
Photo-Me said there is no certainty that an agreement will be made.
Shares in Photo-Me were up 1.2% to 163.9 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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