Co-op emerges as hot favourite to buy Nisa
The Manchester-based Co-op Group has been tipped to beat rival J Sainsbury in the race to buy Nisa Retail as the UK convenience store wars hot up.
Sky News is reporting that Nisa’s board has agreed a period of exclusivity to strike a deal to take over the business, with a £140m valuation suggested for the 3,000-store chain.
This is in the wake of Sainsbury’s cooling its interest in the Scunthorpe headquartered member-owned business because of fears over how competition regulators would assess any possible deal.
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