More wheeling and dealing from the Lancs billionaires
The Issa brothers domination of the forecourt industry has grown further after Asda confirmed the completion of its approximately £600 million deal to buy the Co-op’s petrol forecourt business.
In August, the Co-op first revealed plans to sell its 132 petrol stations and attached convenience stores in a bid to bolster its finances. The Co-op said proceeds from the sale will be reinvested into its core convenience shops, pricing, stores operations and reducing its debt burden.The UK competition watchdog is expected to look into the acquisition.
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