Monday, 16 July 2018
Latest news
Main » Sainsbury's heads queue to buy Nisa convenience stores

Sainsbury's heads queue to buy Nisa convenience stores

19 June 2017

United Kingdom retailer Sainsbury is said to be close to submitting a formal bid to acquire Nisa, a wholesaler and convenience store group that counts more than 2,500 independently-owned stores around the United Kingdom as members.

Shopkeeper members of local supermarket chain Nisa are set to vote on the future of the group, as Sainsbury's nears a £130m deal to acquire it.

Shares in Sainsbury's were 2.3% higher at 258.1p in morning trading, taking it to the top of the FTSE 100.

Van Hits Worshippers At North London Mosque
Mohammed Kozbar , chairman of the Finsbury Park Mosque , called the incident a "cowardly attack" on worshippers. Local police officers arrived on the scene, supported by armed police and the Territorial Support Group.

Sainsbury's is thought to be homing in on a £130 million takeover of Nisa after the mutually owned business hired bankers to explore a sale which Shore Capital's Clive Black said is likely to have been inspired by the Tesco-Booker combination.

"Sainsbury's move into convenience shows the brand's determination to remain a key player in the market".

The deal between Tesco and Booker is now being investigated by competition watchdogs before it can go-ahead.

Turkish troops hold exercises in Qatar in show of support
Prior to the diplomatic row, Qatari nationals could travel visa-free between Saudi Arabia, the UAE, Kuwait, Oman and Bahrain. The channel posted a video on its website of a column of armoured personnel carriers moving through streets.

The deal would face a competition probe on the grounds that it could risk reducing competition and customer choice in the sector, according to people with knowledge of the matter.

Meanwhile, the proposed Tesco-Booker merger is now under investigation by the Competition and Markets Authority.

Nisa revealed last week that was looking to demutualise and seek a grocery buyer in light of Tesco's plans to merge with grocery wholesaler and convenience store operator Booker.

Call it the US Wide Open
Even just trying to take my medicine is very, very hard . "It's still golf, you've got to make some putts", said J.B. With a record number of scores under par in Round 1, it's no surprise the course was set up tougher for Round 2.