Musgrave values itself at €311m

THE Musgrave Group, operators of the SuperValu, Centra and Daybreak brands, has valued itself at €311 million.

Annual accounts for 2010, reveal the Musgrave Group redeemed and cancelled two million ordinary shares in November 2010 at a cost of €10.8m.

Following the transaction, Musgrave Group’s annual accounts show that 57.6m shares remain in issue. With the company paying €5.40 per ordinary share to redeem the shares, this places an overall value of €311m on the remaining shares.