Wednesday, May 22, 2024

The petrol company OK buys a supermarket chain

Petrol and diesel are unlikely to be on the shelves. But now the Danish energy company OK owns half of Coop.

Energy company OK has bought half of Coop, which is behind supermarket chains such as Super Brugsen, Kvickly and 365 Discount.

The partners write this in a press release .

As part of the agreement, DKK 2 billion will be injected into Coop's ailing economy. But it also means that OK's top people have influence over the operation of the supermarkets.

– With OK, Coop Danmark has found the right partner. OK has a strong economy, we both have roots in the cooperative movement.

READ ALSO: Municipality drops city sign with cult status after 20 years of thefts

– And we already collaborate around OK's petrol and electric charging stations. In addition, OK comes with strong competences in grocery retailing, says Coop's managing director, Kræn Østergård Nielsen, in a press release.

For the agreement to go through, it must be voted on at Coop Amba's national fashion on 19 April. However, the new agreement also means that Kræn Østergård Nielsen will step down as CEO.

His replacement has already been found. However, for now only temporarily. It is Coop Danmark A/S's chairman of the board, Jeff Gravenhorst, who sits in the director's chair.

The Coop agreement comes after several years of poor finances at Coop. For example, the group behind the supermarkets came out of 2022 with a deficit of a whopping DKK 628 million.

The annual accounts for 2023 have not yet been made public. But it is already clear that you cannot expect 'a satisfactory result' here either.

Read more news from and about the automotive industry right here!

Latest

Don't miss

DEBATE: Driving an electric car is a waste of twice as much time, Kai believes

Kai Hansen does not understand people in electric cars...

Now Lamborghini is also planning – the electric car might not be a good idea

Lamborghini will probably send an electric car to the...

Despite a million-dollar fine, the Danish parking company is dragged to the High Court

The parking company EasyPark has already been fined one...

Volkswagen is recalling electric cars with serious rust problems

Volkswagen is now recalling the small, electric e-Up, which...

Do you have this equipment in the car? It will soon no longer work

Most brand new cars drive around with built-in GPS....
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

The car brand Fisker is closing its business in Denmark

Bankruptcy-threatened Fisker Inc. closes its own business in Denmark. Instead, the car brand refers to its partner garages. Fisker's own business is a thing...

Austria introduces strict requirements against trucks – breaks EU law

Austria has imposed a number of strict requirements on business transport on one of Europe's most important motorway networks. The EU is now criticizing...

Ferrari named Italy's best workplace

They screw up some of the world's finest cars, get money and, on top of that, wild bonuses for it. Now Ferrari's factory in...

Director explains: "That's why Saab died as a car brand"

When the US government rescued the bankrupt General Motors, it was on the basis of a number of strict conditions, including cost Saab his...

Alpine has built a new V6 engine that burns hydrogen

The question of what tomorrow's car models will be based on has not yet been decided. Alpine proposes hydrogen for a new V6 engine....

Now Lamborghini is also planning – the electric car might not be a good idea

Lamborghini will probably send an electric car to the street, but it won't be until 2028, and it's not a supercar. Such a person...

New EU rule makes petrol and diesel much more expensive in Denmark

A new quota system for CO2 emissions is on its way through the EU system. When it comes into force in 2027, diesel and...

Former Koenigsegg designer will make his own car this year

Sasha Selipano is the man behind the lines of the Koenigsegg Gemera. Now he stands on his own two feet with a brand new...

Polestar receives a new warning – will be thrown off the stock exchange in 60 days

The Chinese car brand Polestar has received a new warning because the stock exchange in New York has not yet received an annual report....

Lamborghini's new V8 engine takes 10,000 revolutions

Lamborghini's V10 engine is on its way out. The replacement - a V8 - lacks two cylinders but instead takes more revolutions. When we...

Metallica introduces electric transport together with IVECO

Can you be heavy metal and at the same time sing big trucks that say nothing? Yes, if you ask Metallica. IVECO has partnered...

New Volvos gossip when other drivers break the law

Volvo has applied for a patent for a solution that enables new cars to gossip about other drivers with camera surveillance. Also backwards. With...
footer.txt Viser footer.txt.