Asda to Acquire 132 Sites from The Co-operative Group

Deal Enables Repayment of Co-op Loan and Reduces Leverage

Asda Announces Acquisition of 132 Sites from The Co-operative Group

Asda, a leading British supermarket chain, has announced plans to acquire 132 sites from The Co-operative Group in a transaction that will significantly impact its financial position and store portfolio. The acquisition will enable Asda to repay a $200 million Co-op loan and reduce its leverage. Additionally, the deal is expected to enhance Asda's market position and expand its reach across the United Kingdom.