Today we’ve received the fantastic news that Nisa members have voted in favour of our offer to buy 100% of the shares in Nisa Retail Ltd (the wholesale business).
It’s a big part of our ambition to grow our business in the UK convenience market. This deal will mean more customers get the opportunity to buy our products from the shelves of Nisa stores.
We’re delighted that the Nisa shareholders have supported our offer because we believe that, together, we can go from strength to strength, serving customers up and down the country and creating real value for our communities.
There’s still a lot to do before the deal is finalised, as it remains subject to the approval of the Competition and Markets Authority (CMA). We’ll be working with the Nisa team over the next few months, as well as with the CMA, so it will probably be Spring 2018 before the deal is completed.
You may have questions about all of this. Your line manager has more information which should answer any queries you have, so pick up with them in the first instance. If you have questions your manager can’t answer, send them through to firstname.lastname@example.org and we’ll get them responded to.
This is the start of a new and exciting chapter for our Co-op. And as we continue to grow our business for the future, and for all our communities, I look forward to sharing the journey with you all.
CEO, Co-op Food
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We expect this to complete in Spring next year but are now in the process of seeking the consent of the Competition and Markets Authority. While this is ongoing, we have to take care with our communications to ensure we don’t prejudice the outcome. Please bear with us until the process is complete.
Thank you for your understanding.