The mutual is believed to have tabled a £140 million bid for Nisa Co-op/PAThe Co-op Group looks set to trump J Sainsbury in the battle to acquire Nisa after entering exclusive talks. The mutual organisation is thought to have tabled a £140 million bid for the convenience store operator, whose 1,300 shopkeeper members run 3,000 stores. “We can confirm that we’ve entered into a period of exclusivity with Nisa, which will provide the opportunity for us to carry out more detailed due diligence in the coming weeks,” ,” the Co-op said in a statement. “Following this period and subject to approval from our board, we hope to be in a position where we can put forward an offer to Nisa members.”It comes after Sainsbury’s, which is under pressure to respond to Tesco’s £3.7 billion merger with Booker,…

Source: The Times August 30, 2017 16:07 UTC