Woolworths Denies Interest In JB Hi Fi

Leading Australian supermarket, liquor and petrol retailer Woolworths have denied that they are interested in buying consumer technology retailer JB Hi Fi.

In a statement issued late today the Company said “Woolworths Limited (“Woolworths”) is concerned about continued speculation regarding supposed offer discussions with JB Hi-Fi Limited (“JB Hi-Fi”)”.

Woolworths can confirm that it is not currently in discussions of any nature with JB Hi-Fi’s board, management team, staff or advisors. Furthermore, the company has no current intention of entering or entertaining any such discussions and there is no offer to acquire JB Hi Fi.