Competition and Markets Authority clears the Co-op's purchase of Nisa Retail Limited

23 April 2018

Co-op and Nisa are delighted about the decision of the Competition and Markets Authority (CMA) to approve the Co-op’s acquisition of Nisa Retail Limited. The transaction remains subject to Court sanction of the Scheme on 4 May.

Nisa members voted in favour of the proposal in November 2017 and the deal is expected to complete on or around 8 May.

Commenting on the decision, Jo Whitfield, Chief Executive Officer, Co-op Retail, said:

“We’re delighted with the CMA decision and are really excited about sharing our plans for the future once we gain Court sanction. Our strategy is to get closer to communities and our new business will create a strong product offer and improved prices for Nisa members that will engage their shoppers across the UK.”

Ends

About the Co-op

The Co-op is one of the world’s largest consumer co-operatives with interests across food, funerals, insurance, legal services and an online electrical store. It has a clear purpose of championing a better way of doing business for you and your communities. Owned by millions of UK consumers, the Co-op operates 2,500 food stores and over 1,000 funeral homes, with more than 63,000 colleagues and an annual revenue of £9.5bn.