Aug 30, 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. The Co-op said the period of exclusivity with Nisa would allow it to carry out more detailed due diligence on a bid. "Mr Hartley told the Nisa members:"The board of Nisa has held a number of positive discussions with the Co-op in recent weeks, following its reaffirmation of interest in making an offer for your company.

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