SCANDINAVIA: Nordic cooperatives to merge food retail operations
The Nordic consumer-cooperative food retailers in Sweden, Denmark and Norway will merge their retail business in the three countries to create the second largest Nordic food retail group, Roland Svensson, president of the Swedish KF said on Monday. The Swedish board is expected to make its decision today, and early next year KF's annual meeting is expected to give its final approval.Svensson acknowledged that this was un unprecedented step taken by any consumer-cooperatives, but said that the rapid consolidation in the Nordic food retail market had prompted them to take this step."We've seen that we will be too small in our respective country, so we need to strengthen ourselves through closer cooperation," Roland Svensson told Swedish Radio.The three coops, KF,
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