Co-op sells petrol forecourt estate to Asda for £600 million

ASDA purchasing the Co-op petrol forecourt estate for £600m looks like a transaction that makes strategic sense for both sides.

The key for Asda is accelerating its network of On The Move convenience stores - a channel where it is under penetrated.

The big 4 operators want to be agnostic on which channel a consumer chooses, capturing demand in large stores, online and convenience.

*Capital at risk. This should not be considered investment advice or a recommendation to invest in any particular security, strategy or investment product.

Click here to read more.