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Co-op to sell property to boost its cashflow.

Publication: Grocer
Publication Date: 27-JUN-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Co-op to sell property to boost its cashflow.(news)(Co-operative Group Ltd.)

Article Excerpt
The Co-operative Group is aiming to raise 175m [pounds sterling] over the next three years by selling off unwanted property.

The society, which has a vast property empire worth 1.69bn [pounds sterling] encompassing stores, farms and residential sites, said the capital raised from the sell-off would be invested in "other group projects"....

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