date:Aug 05, 2014
The Co-operative Group said on Monday it had agreed to sell its farms business to charitable body the Wellcome Trust for 249 million pounds ($419.04 million).
The sale reflects The Co-operative's decision to focus on its core retail and consumer services divisions, including food, funeralcare, general insurance and legal services, it said in a statement.
The net proceeds of the sale will be used to further reduce the group's debt and invest in its core businesses, it added.
The deal is for 15