Asda has confirmed it will purchase the Co-op's forecourt business in a multimillion pound investment deal that is part of its growth strategy.
The supermarket chain reached an agreement to purchase 132 sites from the retailer for £60million in a bid to further their move into the convenience market.
The transaction will include 129 sites with petrol stations attached, which currently makes up about 5% of The Co-op's retail portfolio, plus an additional three development sites. About 2,300 Co-op staff members will be transferred to Asda's employment following the transaction.
