Member Councils Plus and Coop agree to merger supermarket chains

Member Councils Plus and Coop agree to merger supermarket chains

Photo: ANP

The member councils of supermarket chains Plus and Coop have approved the planned merger between the two supermarket chains. According to the concerns, this happened with a large majority in both cases. The approvals are an important step ahead of the merger announced in September.

Earlier, the works councils of the two companies already approved the merger. Supervisor Authority for Consumers & Markets (ACM) has yet to give its approval. The companies believe the merger could be completed early next year. Then they can start converting Coop stores to the Plus formula. That is expected to take several years.

Plus and Coop together have about 550 stores throughout the Netherlands and a joint annual turnover of around 5 billion euros. After Albert Heijn and Jumbo, the new merger chain is the third largest supermarket group in the Netherlands. More than 40,000 people work at the merged company.

Member Councils Plus and Coop agree to merger supermarket chains
Source link Member Councils Plus and Coop agree to merger supermarket chains

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