The CMA proposes to accept remedies offered by Co-op Group to address competition concerns in its acquisition of Southern Co-op, including the sale of 15 convenience stores and 2 funeral homes.
Why it matters. The decision could affect local competition and consumer prices in convenience stores and funeral services.
Undertakings offered by Co-op Group could address competition concerns relating to its acquisition of Southern Co-op.
The Competition and Markets Authority (CMA) is considering remedies offered by Co-operative Group Limited (Co-op Group), which include the sale of 15 convenience stores and 2 funeral homes, to address the competition concerns it identified during its phase 1 investigation.
The CMA is concerned that reduced local competition could harm convenience-store shoppers and people arranging attended funeral services in these areas. The CMA’s phase 1 investigation found that Co-op Group’s acquisition of Southern Co-op could reduce competition in grocery retail in local areas around some Co-op Group and Southern Co-op convenience stores. It also identified concerns about atte…
