Tesco acquires a Budgens Store from Northern & Midland Holdings Limited

Tesco has agreed to purchase a grocery store in Drayton, from Northern & Midland Holdings Limited.  The store is currently trading as a Budgens.  Contracts were exchanged on 28 April 2011.  Completion of the transaction is conditional upon the approval of the Office of Fair Trading.  

The store will be converted into the Tesco format after an extensive refurbishment programme and will re-open Summer 2012.