Woolies shares suspended

Shares in Woolworths have been suspended as the firm continues talks to save the business.
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Woolworths said in a statement that it was in discussions over the potential sale of its 840 stores.

The firm said it was also in talks over the sale of its 40% stake in 2 Entertain, the publishing joint venture with BBC Worldwide.

It warned that both deals needed the backing of its banks, and that there was "no assurance" they would be completed.


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