Niederer Kraft Frey advised Coop on the purchase of the remaining 49 per cent stake in Coop Mineraloel AG from Philipps 66.

Coop will thus take over Coop Pronto in full. With this acquisition, Coop is consolidating its position in the growing convenience market, securing 324 attractive locations and thus reinforcing its core business. The Coop Pronto locations will continue to be operated in the franchise system in line with the previous concept.

The transaction is subject to approval by the Competition Commission.

The NKF team was led by Corporate/M&A partner Moritz Maurer, working with associate Sabrina Gysi (Corporate/M&A).