Wednesday, 30 August 2017

Co-op enters talks to acquire Nisa convenience store firm

The Co-operative group has entered exclusive talks to acquire UK convenience store operator Nisa.

The firm is understood to be considering a £140m bid, which would see it take over the wholesale business that supplies 3,000 Nisa stores.

The Co-op has now replaced Sainsbury's, which had also been reportedly mulling a bid, as the front-runner for Nisa.

Nisa's chairman Peter Hartley said it had held "positive" talks with the Co-op in recent weeks about a sale.

He added that Nisa and the convenience sector "continue to evolve at pace", while also leaving the door open to other bids.

BBC     News.

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