Nisa set to be acquired by Big Four supermarket

Convenience retailer Nisa is set to be acquired by Big Four supermarket Sainsbury’s. The two businesses are reportedly set to sign an exclusivity agreement in a deal which is set to rival the buyout of Booker by Tesco. Though dwarfed by the £3.7bn Booker deal, the reported £130m acquisition marks the latest period of consolidation in the sector. The Co-op and Morrisons were reportedly in the running for Scunthorpe-based Nisa, a £1.3bn turnover group, after it hired bankers to look at strategic options following th... For the full story register now for free or login below...
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