Sale of 54 stores to Coop

Jumbo sold 54 stores and a distribution centre to Coop Supermarkten. Background to the sale was to (a) refinance the C1000 acquisition, (b) dispose of C1000 stores marked by the NMA and (c) dispose the distribution centre which was less suitable for Jumbo. Quore Capital acted as lead financial advisor to Jumbo.

April, 2012

• Client: Jumbo
• Target: 50 retail stores and a distribution centre
• Buyer: COOP Supermarkten
• Seller: Jumbo