Co-op to buy Somerfield July 13th, 2008

The Co-operative Group’s £1.6bn deal to buy Somerfield looks set to be concluded this week. This is good news for the consortium who own Somerfield as they look set to pocket around £700m. The Co-op look set to shake up Somerfield and sell-off as many as 150 stores to rival groups.

Tags: co-operative group, somerfield
Posted in Retailers |

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2 Responses to “Co-op to buy Somerfield”

Pages tagged "investments" Says:
July 14th, 2008 at 6:14 am
[…] bookmarks tagged investments Co-op to buy Somerfield saved by 5 others marcohottiex3 bookmarked on 07/14/08 | […]
The Finance Section Says:
July 16th, 2008 at 3:29 am
Somerfield has lost its way over the past couple of years and so the takeover will give it the boost it needs.

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