Convenience stores look to KPMG for protection

Convenience stores look to KPMG for protection

Nisa Today looks to hire its own advisers to fight deal with Costcutter

Shareholders in Nisa Today, the convenience store business, are looking to
appoint their own financial advisers in order to fight a merger with Costcutter,
The Times reported.

A group of major shareholders, all independent shopkeepers, are unhappy about
the demutualisation, which will hand the management a large stake in the
business.

They have put together a fighting fund and are holding a beauty parade of
advisers.

Grant Thornton and KPMG are thought to be in the frame for the work.

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