25 April 2018

The Competition and Markets Authority (CMA) has cleared the Co-op’s proposed acquisition of Nisa following a Phase I investigation. The CMA carefully considered the potential impact of the proposed acquisition, and after closely examining all the evidence, the CMA has found that it does not give rise to competition concerns.

Nisa members voted in favour of the proposed acquisition in November 2017. The transaction, which is being effected by way of scheme of arrangement, is expected to complete in May following Court sanction. 

Jim Tully, Director of Legal & General Counsel Retail at the Co-op, says: “We’re delighted with the CMA decision and the work the Burges Salmon team has done to secure Phase I competition clearance for us. The transaction is an important milestone in our strategy 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.”

The Burges Salmon Competition team was led by Chris Worrall, with assistance from Becky Ellis. 

Key contact

Chris Worrall

Chris Worrall Partner

  • Head of Competition
  • Mergers and Acquisitions
  • Financial Services

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