Co-op Group's takeover of Nisa gets final court approval

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The Co-op Group’s takeover over Nisa has received final court approval, with completion set for Tuesday 8 May.

Nisa Chairman Peter Hartley said: “I am delighted that the court has sanctioned the wishes of our members. The acquisition of Nisa is now set to complete on Tuesday 8 May.

“The mood amongst our retailers is one of excitement as we look forward to life together with the Co-op. Our attention now turns to the future, and ensuring the benefits of the transaction are quickly passed to our members and their customers.”

Co-op Retail ceo Jo Whitfield said: “We’re delighted with the court’s decision and we are excited about sharing our plans for the future once the deal formally completes. Our strategy is to get closer to communities and our new business will create a strong product offer and competitive prices for Nisa that will engage their shoppers across the UK.”

The deal gained the Competition and Market Authority’s approval on Monday 23 April.

Readers' comments (2)

  • Excellent takeover news for the membership.
    It's obvious to nearly everyone that Nisa would have diminished with the advent of the newly competive consolidating marketplace in which the convenience store market now operates in.

    Thanks to the coop we hope we get the excellent service and range promised, so that we can compete against the true multiple goliaths.

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  • Can't wait for this partnership to start. Unlike the old moaners who did their best to keep nisa stuck in the 1990s

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