Co-operative Group Limited Notification of Claim (6241P)
10 2월 2023 - 11:35PM
UK Regulatory
TIDM42TF
RNS Number : 6241P
Co-operative Group Limited
10 February 2023
Co-operative Group Limited
10 February 2023
Co-operative Group Limited - notification of claim
Co-operative Group Limited and certain of its subsidiaries
(Co-operative Group Food Limited, Co-operative Foodstores Limited
and Rochpion Properties (4) LLP) are aware that a claim has been
issued by the liquidators of The Food Retailer Operations Limited
in connection with transactions which took place in 2015 and 2016
relating to the Somerfield supermarket business acquired by Co-op
in 2009.
The amount claimed is in excess of GBP450m plus further
unquantified amounts of interest and costs. Co-op strongly disputes
both liability and quantum of the claim and the claim will be
vigorously defended.
ENDS
About the Co-op
Co-op is one of the world's largest consumer co-operatives with
interests across food, funerals, insurance and legal services.
Owned by millions of UK consumers, the Co-op operates over 2,500
food stores, over 800 funeral homes and provides products to over
5,000 other stores, including those run by independent co-operative
societies and through its wholesale business, Nisa Retail
Limited.
Employing almost 60,000 people, the Co-op has an annual turnover
of over GBP11billion and is a recognised leader for its social
goals and community-led programmes. The Co-op exists to meet
members' needs and stand up for the things they believe in.
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END
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February 10, 2023 09:35 ET (14:35 GMT)
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