LONDON (Reuters) – Britain’s Co-Operative Group said on Wednesday it had agreed to sell its petrol forecourt estate, comprising 129 sites, to supermarket rival Asda for 600 million pounds ($700 million).
The mutually owned Co-Op said it would use the proceeds of the sale to invest in its core convenience stores business and reduce its net debt.
($1 = 0.8561 pounds)
(Reporting by Paul Sandle; Editing by Kate Holton)