ARGYLL SELLS SUBSIDIARY'S ASSETS FOR 14 MLN STG Food and drink retailer Argyll Group Plc <AYLL.L> said it has agreed to sell its U.K. Subsidiary <George Morton Ltd> to <Seagram United Kingdom Ltd> for about 14 mln stg in cash. The consideration for Morton's fixed assets, stocks, debtors and goodwill is payable on completion of the sale. The disposal will bring Argyll an extraordinary credit of some 8.4 mln stg. Argyll added the agreements also depend on an indication from the U.K. Office of Fair Trading by June 23 that the sale will not be referred to the Monopolies Commission. Argyll shares were up 12p to 440, firming before the announcement.