A high street store run by Somerfield. The Co-operative Group (Co-op) and Bristol-based Somerfield today agreed on a deal worth £1.565 billion which results in Somerfield being aquired 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 consumers and for competition in the grocery market, where we will create a stronger fifth player in food and a convenience store chain with unrivalled geographic reach." He then said that "for The Co-operative Group this is a transformational deal – cementing our position as the UK’s premier community retailer and helping us significantly as we lead a renaissance of The Co-operative brand. "
 The Co-operative Group (Co-op) and Bristol-based Somerfield today agreed on a deal worth £1.565 billion which results in Somerfield being aquired by Co-op. Co-op has said that the acquisition took place on a "cash-free debt-free basis." A high street store run by Somerfield. Peter Marks, chief executive of The Co-operative Group, claimed that "this is good news for consumers and for competition in the grocery market, where we will create a stronger fifth player in food and a convenience store chain with unrivalled geographic reach." He then said that "for The Co-operative Group this is a transformational deal – cementing our position as the UK’s premier community retailer and helping us significantly as we lead a renaissance of The Co-operative brand. "
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A high street store run by Somerfield.
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A high street store run by Somerfield.