Co-op takeover bid under scrutiny

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THE Office of Fair Trading (OFT) is examining the Co-op’s recent acquisition of David Sands stores.

The OFT is checking whether the buy-over could result in a “substantial lessening of competition”.

However, should the deal go through, the Co-op has given an assurance it will retain a Post Office service in six branches.

MSP Claire Baker said: “I’m relieved to have confirmation that post offices currently serving six communities in Fife will be retained following the Co-op’s takeover of David Sands stores.

“David Sands has provided a great service for the people of Fife for many years and the Co-op is also a great company with a strong reputation, but my immediate concern following the announcement of a takeover was whether post offices were to be retained in stores in Fife.”

A Co-op spokesman told the Mail that until the review and transaction is complete it would be inappropriate to comment further, but confirmed the intention is to continue to operate the Post Offices.

The OFT decision will be made by March 29.