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Co-op bumps Sainsbury’s off pole position in race to acquire Nisa

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The Co-op has emerged as the new favourite to acquire Nisa, bumping off Sainsbury’s which had paused its talks with the convenience chain. The board of Nisa Retail has granted a period of exclusivity to the Co-op to negotiate a takeover of the member-owned business. According to Sky News, the Co-op is believed to have informed Nisa it was prepared to pay around £140 million for the business, despite the recent loss of a wholesale supply deal with McColl’s to Morrisons

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Co-op bumps Sainsbury’s off pole position in race to acquire Nisa

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