Co-op’s £137m takeover of Nisa cleared
The Competition and Markets Authority (CMA) has approved the Co-operative Group's £137m takeover bid of Nisa.
The CMA said that the Co-operative Group (Co-op), as a groceries retailer, and Scunthorpe-based Nisa Retail as a groceries wholesaler, did not compete head-to-head.
However, since Nisa supplies over 4,000 groceries stores, the CMA said it had carefully considered the potential impact of the merger on competition between shops.
Sheldon Mills, senior director of mergers at the CMA, said: "Millions of people throughou... 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...
