Coop Sweden has announced that it has acquired Salling Group's Netto retail chain in the country.
Chief executive of Coop Sweden, Magnus Johansson, welcomed Netto to the Coop family. "With considerably more stores and larger volumes, Coop will now have more muscles behind our vision to be the good force in food [in] Sweden, and thus increase the benefit to our owners - our 3.5 million members,” he added.
The stores will be operated by Coop Butiker & Stormarknader, which operates about 240 of the 650 stores in the Coop Sweden portfolio.
