India retail king Biyani sees quick OK of Future’s $3.4 bln deal despite Amazon dispute

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India’s Future Group expects swift regulatory approval of its $3.4 billion deal to sell its retail assets, its chief executive said, even as its warring business partner Amazon.com Inc intensifies efforts to block the deal.

Future and Amazon are at loggerheads over the Indian group’s August deal with Reliance Industries Ltd. The U.S. giant alleges the deal breached some of its pre-existing contracts with Future.

 

source:retail.economictimes

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