The preferred bidder has already completed a purchase of up to 70 Homebase stores in the UK
The High Court has approved the sale of “certain assets” of Homebase in Ireland to The Range, which has also moved in on many of the chain’s UK stores.
The High Court appointed provisional liquidators to HHGL nearly two weeks ago just as administrators were being ushered into the UK Homebase company. HHGL’s lawyers said The Range’s bid was selected as it involves the fewest risks and is most likely to save the most jobs, with up to 115 of 178 potentially salvageable.
During the High Court motion on Monday, Ms Justice O’Regan was handed an envelope containing a “confidential” report from the provisional liquidators regarding the bids and value of the company’s assets, which she was told were “commercially sensitive”.
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