Co-op has sold its non-core petrol forecourt estate to Asda for £600m.
The estate comprises 129 petrol forecourts spread across the UK and represents 5% of Co-op’s retail estate of 2,564 stores.
Co-op said proceeds from the sale would be reinvested in its core convenience business, logistics and to reduce its net debt.
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Developer has taken 10 storeys off proposals since first filing
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