Last month it was announced by the Co-op that it would be selling all its petrol stations to Asda, which will affect a number of locations in the North East.
The £600 million deal will see all of the Co-op's 129 petrol stations handed over to Asda.
Selling all the petrol stations will allow the Co-op to expand to further stores, the chain said.
Co-op’s newly-appointed chief executive, Shirine Khoury-Haq, told the PA news agency: “Today’s sale will help us to reduce our net debt and improve our financial position, giving us more of a buffer to ride out the current economic waves.
“If we have learned anything over the past couple of years, it is that we cannot predict much in terms of what is coming next.
Co-op sells petrol forecourt estate to Asda for £600 million https://t.co/M89fQN4HwI pic.twitter.com/nJ9Re4MVK8
— Co-op Press Team (@coopukpress) August 31, 2022
“We are incredibly optimistic about the future of the business, but we do need to look prudently at the external environment.”
Here are the full list of Co-op petrol stations in the North Wales area that will be changing hands to Asda.
Full list of North East Co-op petrol stations being sold to Asda
- Co-op Food - Petrol Coedpoeth, High Street, Coedpoeth
- Co-op Food - Petrol Rhuddlan, Rhyl Road, Rhuddlan
- Co-op Food - Petrol Old Colwyn, Colwyn Service Station, Abergele Road, Old Colwyn
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