Sainsbury’s is close to making a deal to acquire the convenience chain Nisa for £130m.
As we reported last week, Nisa has hired bankers to advise on its strategic options and has been in talks with potential buyers, including the Co-op and Morrisons,
Nisa is poised to recommend Sainsbury’s to its members as its preferred bidder.
Sainsbury’s is seeking to tap into a shift in shopping habits as consumers opt for frequent visits to local stores rather than large weekly trips to a supermarket.
Nisa buys and distributes on behalf of more than 2,500 independently owned stores around the UK and has a turnover of £1.43bn.