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Conviviality buys over 100 stores from P&H in £25m deal

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Conviviality has announced a £25 million deal with the collapsed supplier Palmer & Harvey which will see it take control of more than 100 convenience stores. The alcohol wholesaler, which owns retailer Bargain Booze, has tabled a bid for Central Convenience including franchise rights, 127 convenience stores, 47 Post Offices, 18 franchisee-operated stores and 20 petrol stations. READ MORE:  Costcutter adds Nisa to wholesale network in wake of Palmer & Harvey collapse Eight million Conviviality shares were placed on the London Stock Exchange at 375p each as the company hopes to raise £30 million to fund the acquisition

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Conviviality buys over 100 stores from P&H in £25m deal

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