Surprise sale for £1bn retail group
Nisa Retail is headed for a shock sale following the appointment of bankers to get a deal off the ground.
The Scunthorpe-based, member-owned convenience store group has brought in bankers from Lazard according to Sky News.
They will look at bringing new shareholders into the business, potential restructures and how much could be expected from external capital.
Currently the business, which operates 3,500 stores across the UK, has around 1,400 members hold 250 shares each, though many hold far less.
Chief executive Nick Rea... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
