News Article
Asda set to sell off 10% of its Co-op forecourts to appease CMA
Daniel Cook
Partner – Commercial
21st Sep 2022
As published in The Grocer on 09 September 2022.
Research has found that 12 to 16 of the 132 Co-op petrol forecourt sites could be in breach of the Competition & Markets Authority’s ‘four to three rule’, whereby a deal that reduced the number of sites in a local area that were owned by different operators from four to three would significantly lessen competition.
“Given the Issa brothers’ acquisition of Asda was called in by the CMA, this acquisition will almost certainly also be as it’s adding another significant portfolio of forecourts to the group, despite the purchase being presented as an Asda convenience acquisition strategy,” said Daniel Cook, Head of Automotive & Roadside.
Get in touch
Key contacts
Gain national and local expertise through our multidisciplinary teams of experts.
Related news
Fixing the viabilty gap needs more than overturning s106, but it’s a good start
by Nick Fell, Head of Residential at strategic property consultancy Rapleys In early 2026, the government laid out its intention to simplify the entire s106 process with its stated ambition of reducing the inefficiency and delay that has become synonymous with the negotiation of s106 agreements.
