DIXONS SELLS 8.3 MLN WOOLWORTH SHARES

  Dixons Group Plc &lt;DXNS.L> has sold 8.3
  mln shares in Woolworth Holdings Plc &lt;WLTH.L> through Salomon
  Brothers U.K. Equity Ltd, a statement from Salomon said.
      The shares were placed with about 45 to 50 institutions in
  Europe and the Far East. Dixons retains one mln Woolworth
  shares, a Dixons spokesman added.
      Industry sources said Dixons acquired the Woolworth shares
  in connection with its unsuccessful bid for the company last
  year.
      Dixons paid an average price of 695p per share which
  compares with 819p today. Woolworth closed on Froday at 833p.
      A Dixons spokesman said the decision to retain one mln
  shares reflected Woolworth's buoyant prospects.
  

