The Co-operative Group purchases Somerfield supermarket chain for over £1.5 billion
Wednesday, July 16, 2008 The Co-operative Group (Co-op) and Bristol-based Somerfield today agreed on a deal worth £1.565 billion which results in Somerfield being acquired by Co-op. Co-op has said that the acquisition took place on a “cash-free debt-free basis.” Peter Marks, chief executive of The Co-operative Group, claimed that “this is good news for […]