Asda acquires 132 petrol stations from Co-op in convenience retail expansion

The CMA is expected to approve the takeover by mid-2023

Asda cash and carry

Asda has acquired 132 petrol stations from Co-op as part of plans to expand in convenience retail. 

The £438m acquisition will see the supermarket take on 129 sites with 1,500-3,000sq ft of space. It will formally operate the stores when the Competition and Markets Authority approves the takeover, which is expected to take until mid-2023. 

Asda co-owner Mohsin Issa said: “We are delighted to formally complete the transaction and take the next step to creating a new and exciting part of our Asda business.” 

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