Asda has agreed a deal to buy 129 petrol stations and three development sites from the Co-operative group. It is part of a deal that is worth around £600million.
The sale will see around 5% of Co-ops entire retail estate - including 129 petrol stations and three development sites - handed over to Asda. The supermarket already runs 230 petrol stations across the United Kingdom.
Co-op, which is best known for its supermarket chains and funeral care operation, says offloading the forecourts will allow it to focus on its convenience store business. It will also raise important funds for the firm.
