Nisa board back Co-op’s £137.5m takeover offer

11. Oktober 2017 12:57

Beitrag bequem vorlesen lassen:

Nisa’s board is recommending that its 1,190 members accept a £137.5 million takeover offer from the Co-op Group.

The Co-op plans to retain Nisa as a standalone business and brand, which has around 3,200 stores. The ambition is to attract new members to the combined business. Nisa members would also be able to apply to become Co-op franchisees.

Nisa’s members are expected to vote on the deal in November. The agreement follows Tesco’s £3.7 billion bid for wholesaler Booker, which has shaken up the wholesale market.

For the Co-op the deal will enable it to strengthen its presence in the wholesale convenience sector, in turn enhancing its scale and buying power.

“Over the past three years, Co-op Food has been completely transformed through a convenience-led focus on delivering great value products for our members and creating real value for them and their communities,” said Jo Whitfield, The Co-op’s Food chief executive. “This acquisition provides the opportunity to create an even greater and more compelling member-led presence within the UK convenience sector.”

And Peter Hartley, chairman of Nisa, said: “The Board was unanimous in its decision to recommend the Co-op offer. While the business has made significant strides in recent years, we firmly believe that the combination with the Co-op is in the best interests of our members. The Co-op offers the right blend of buying capability, convenience expertise, and respect for the heritage of our business, to enable our members to fully thrive in this new partnership.”

Earlier this year the Co-op sold 298 of its smallest stores to McColl’s, the newsagent group that has been developing its presence in the convenience grocery market. To supply these stores, McColl’s agreed a deal with Nisa which has been supply McColl’s larger stores since 2013.

In July 2017, Nisa renewed its contract with DHL Supply Chain for three years. DHL is responsible for the management of the retailer’s logistics operations across the whole of the UK and Ireland handling deliveries of chilled, frozen and ambient products to some 3,500 delivery points.

The Co-op’s offer to buy 100 per cent of the shares in Nisa for up to £137.5m, plus the payment of associated deal costs of up to £5.5m, results in a total payment by the Co-op Group of up to £143m. The Co-op would also take on the existing Nisa debt of £105m as well as providing additional benefits including the opportunity to source products from the Co-op.

Source: logisticsmanager.com

Verwendete Tags

Kategorien

Jetzt im Social Network teilen

VNL Österreichischer Logistik-Preis 2018

Werben Sie Cross-medial!

Zum 22./25. Juni publizieren wir die LOGISTIK express Ausgabe 3-2018. Redaktion und Anzeigenschluss ist am 12. Juni 2018.

LOGISTIK express und das IDIH – Institut des Interaktiven Handels GmbH laden am 26. September zum 3. eCommerce Logistik-Day in Wien ein. Sichern Sie sich im Juni Ihr  Frühbucher-Ticket.

Unternehmen haben bis zum 12 Juni die Gelegenheit Cross-medial sowie mit einem Ausstellungsstand am eCommerce Logistik-Day dabei zu sein.

Kontakt: Markus Jaklitsch

 

Google Analytics Statistics

LOGISTIK express® Newsletter

Jetzt kostenlos anmelden und keine Neuigkeiten mehr verpassen.







B2B Firmensuche

Lokalisieren Sie Unternehmen und lassen Sie sich finden, rücken Sie Ihr Unternehmen in den Blickpunkt.

Branchenportal mit Fokus auf die LogiMAT.
http://b2b.logistik-express.com



Firmenverzeichnis mit Fokus auf Österreich.
http://verzeichnis.logistik-express.com


Newsarchiv

Über 60.000 Pressemeldungen inklusive Keywords über zehn Jahre hinweg durchstöbern.




Filtere nach Tag

Juni 2018
MDMDFSS
« Mai  
 123
45678910
11121314151617
18192021222324
252627282930 

Filtere nach Monat

Filtere nach Kategorie

Handel E-Commerce

E-Commerce Logistik

SSI SCHÄFER

KNAPP

KNAPP

Trends & Märkte

Job Karriere

Wir verwenden Cookies

Damit wir Ihnen ein besseres Nutzererlebnis bieten können haben wir Cookies im Einsatz. Wenn Sie fortfahren, sind Sie mit der Verwendung und Verarbeitung von Cookies auf der LOGISTIK express® Website einverstanden.

Cookies zulassen und fortfahren