Asda to acquire the 132 sites from The Co-operative Group for £600m.

Asda, an operator of a supermarket chain, agreed to acquire the 132 sites from The Co-operative Group, an owner and operator of retail stores, for £600m. “We have always been clear in our ambition to grow Asda and are hugely excited to create this new and distinct part of our business, giving us the opportunity to bring Asda value in fuel and groceries to even more customers and communities across the UK. We see convenience as a significant growth opportunity for the business. This acquisition accelerates our strategy in this area and forms part of our long-term ambition to become the UK’s second largest supermarket," Mohsin Issa, Asda Co-Owner.