Co-operative Group eyes interest in Post Office branches

The Co-operative Group is among the interested parties eyeing up opportunities to buy a number of Post Office branches.

The Post Office announced plans to franchise 70 of the branches and close some others. This has lead to staff staging a fresh strike today in a row over jobs, pay and branch closures.

The Post Office says the Crown offices – the larger branches usually sited on high streets – are losing £40m a year and has begun marketing its plan to close and transfer the business of the branches to retail partners.

It said it had received 150 expressions of interest including those from Asda, Tesco, Sainsbury’s and the Co-op, which currently operate a post office services.

Read more: Co-operative Group eyes interest in Post Office branches – Manchester Evening News.