Co-op and Nisa have welcomed the decision by the Competition and Markets Authority (CMA) to approve the Co-op’s £140m acquisition of Nisa Retail Limited.
The transaction remains subject to Court sanction of the Scheme on 4 May.
Nisa members voted in favour of the proposal in November 2017 and the deal is expected to complete on or around 8 May.
Commenting on the decision, Jo Whitfield (pictured), Chief Executive Officer, Co-op Retail, said, “We’re delighted with the CMA decision and are really excited about sharing our plans for the future once we gain Court sanction.
'Our strategy is to get closer to communities and our new business will create a strong product offer and improved prices for Nisa members that will engage their shoppers across the UK.”