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	Co-op buy Somerfield Supermarket

Agreement has been reached between the The Co-op and the Somerfield supermarket chain in a £1.56 billion deal. The Co-op will reinforce their position as the fifth largest food retailer in the UK. The acquisition will assist in the Co-op’s growth plans as expected sales of £8 billion will give the group around an 8%.share of the market, with some 3,000 outlets, the proposal is subject to the usual approvals from the regulators . The owners of Somerfields will presumably be happy with the deal as they have been looking to sell the retailer for some time. The Co-op who also own large pharmaceutical/funeral service/travel operations in the UK could possibly look to optomise their operations where similar services to locations overlap.

Co-op buy Somerfield Supermarket