Retail

Tesco pulls out of deal to buy Iceland putting business into liquidation

Iceland’s former Irish business has been in examinership since June of this year

The company behind the business, Metron Stores Limited, will now be placed into liquidation

Tesco has pulled out of a possible deal to buy the former chain of Iceland stores out of examinership, the High Court heard today.

The High Court heard today that the preferred bidder for the Iceland business — which was not named in the court proceedings, but has been identified by The Currency as Tesco — had ended the talks.

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