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.


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