Co-op sells fuel forecourt estate to Asda

Date : 31 August 2022

Patrick Mitchell-Fox

Senior Analyst

Co-op is to sell its estate of 129 fuel forecourt sites to Asda with a price tag of £600m.  As well as trading sites, the deal also includes three development locations.  The move comes as Co-op seeks to reduce its growing debt burden; reported at £920m in its latest annual accounts. Fuel…
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