Million pound deal sees major gas station handover

Courtyards across the county face a major transformation as a group sells its gas station portfolio to a competitor.

The cooperative group has agreed a £600m deal that will see its 129 petrol stations handed over to Asda.

The deal is an attempt to reduce the co-op’s debt and provide a “buffer” for an uncertain future.

This means service stations in Sussex will need to be drastically transformed as Co-op removes its branding and hands it over to Asda.

Sites affected include Polegate, Horsham and Crawley.

Co-op chief executive Shirine Khoury-Haq told the PA news agency: “Today’s sale will help us reduce our net debt and improve our financial position, giving us a greater buffer to weather the current economic waves.

“If we’ve learned anything over the past few years, it’s that we can’t predict much about what’s coming next.

“We’re incredibly optimistic about the future of the company, but we need to be careful about the external environment.” Million pound deal sees major gas station handover

Fry Electronics Team

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