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Office Depot sells operations in Mainland China

Published 06/02/2017, 07:34 AM
© Reuters.  Office Depot sells operations in Mainland China
ODP
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  • Office Depot (NYSE:ODP) announces that it struck a deal to sell its business in mainland China to Shanghai M&G COLIPU Office Supplies Co.
  • Office Depot had previously disclosed its intention to sell substantially all of its international businesses under a process that began in 2016.
  • The transaction is expected to close within the next several months.
  • Deal terms weren't disclosed.
  • Source: Press Release
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