The Co-operative Group has bought convenience store operator Alldays for some £131m from receivers PricewaterhouseCoopers.
Co-operative Group chief executive Martin Beaumont, said: “This deal establishes the Co-operative Group as the UK’s leading convenience store operator.
“Alldays will help us to build the momentum behind our highly successful convenience proposition.”
CWS said it would assume immediate responsibility for Alldays’ creditors and the 10,500 employees in over 600 stores including 30 run by independent franchisees.
In total Alldays’ shareholders will receive £2.2m, equivalent to 5p per share.
Co-operative Group chief executive Martin Beaumont, said: “This deal establishes the Co-operative Group as the UK’s leading convenience store operator.
“Alldays will help us to build the momentum behind our highly successful convenience proposition.”
CWS said it would assume immediate responsibility for Alldays’ creditors and the 10,500 employees in over 600 stores including 30 run by independent franchisees.
In total Alldays’ shareholders will receive £2.2m, equivalent to 5p per share.
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