Netto is a chain of discount supermarkets. Netto is owned by Leigh Richmond, which in turn is owned by A.P. Møller-Mærsk Group. The first Netto store opened on Godthåbsvej in Copenhagen, Denmark in 1981. Netto also operates an express version of the store, known as Døgn Netto. These stores offer the same service as regular Netto stores, with longer opening hours. There are currently 28 of these stores, mostly located in Copenhagen with one in Helsingør and Køge.
Wednesday, June 02, 2010, Dansk Supermarked A/S on Thursday entered into an agreement to sell its fully owned subsidiary British supermarket chain Netto Foodstores Limited to Asda Stores Ltd for GBP 778 million (EUR 917.2 million) on a cash and debt free basis.
Fishing deal with China would settle maritime dispute Philippines
A joint fishing agreement reportedly being discussed between China and the Philippines is deemed a significant step forward in the relations between the two countries after an old maritime sovereignty dispute.