Shufersal to acquire a 60% stake in Mini Line for $176m.

Shufersal, Israel's largest supermarket chain, agreed to acquire a 60% stake in Mini Line, an importer of consumer electrical goods, for $176m. Shufersal, which already sells consumer electrical and electronic goods, said the acquisition of control of Mini Line is "part of its strategy to expand its activities in the retail field and to enter complementary areas that will offer added value and products" to its business, which has some 2m customers.