November 13, 2017 / 12:39 PM / 6 days ago

Members of UK convenience retailer Nisa back Co-op takeover

LONDON (Reuters) - The shopowner members of Nisa Retail, the British wholesaler and convenience retailer, on Monday voted in favor of the Co-operative Group’s (42TE.L) 137.5 million pounds ($180 million) takeover.

Nisa said that at a court meeting held in Leeds, northern England, members voted 75.8 percent in favor of the Co-op’s offer.

The offer still requires clearance from Britain’s Competition and Markets Authority (CMA) which Nisa said was expected around March next year.

($1 = 0.7639 pounds)

Reporting by James Davey, Editing by Paul Sandle

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