Co-operative Group sells pharmacy division for £620m

(From Cooperative News) One of the world’s largest cooperatives has begun a massive asset sell off. “The Co-operative Group has sold more than 770 pharmacies to Bestway for £620m to reduce the organisation’s debt. Bestway, the country’s second largest cash and carry operator, is due to complete on the tranasction in October following full separation of the business from the Group.”

 

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