Coop acquires Swedish Netto stores

Coop koopt Zweedse winkels Netto

Coop has acquired all 163 Swedish stores of the Danish Netto chain. However, the deal is still awaiting permission from the competition authorities.

 

Integration into Coop

Coop Butiker & Stormarknader, which manages 240 of Coop's 650 stores, acquires Netto's complete store network in Sweden. Netto, a subsidiary of the Danish Salling Group, has a strong position in the southern part of Sweden. Neither party has released information about the deal's worth.

 

Coop will slowly integrate its new stores into its network: during a transition period the stores will continue to use the Netto brand, but afterwards they will be rebranded into Coop stores. Changes will include a wider range of food products, including Coop's large number of sustainability labels.

 

Coop Butiker & Stormarknader and its 7,500 employees reached a turnover of 16 billion Swedish crowns (1.5 billion euros) last year. Its owner is Coop Sverige, which in its place is owned by the Swedish co-operative union Kooperativa Förbundet.