Musgrave favourite to buy Londis

MUSGRAVE Group's chances of buying the British convenience store chain Londis were given a boost with shareholders in the company favouring the Irish group.

A poll of shareholders in Londis, which was formally put up for sale last Friday, found that Musgrave would be their choice as a new owner.

A survey of the Londis shareholders, who also own the 2,000-plus shops, found that 34% of them would be in favour of Musgrave becoming their new owner, with 31% of them opting for Iceland and 29% the cash-and-carry group Nisa-Today.