Store wars: Sainsbury’s squares up to Tesco with offer for Nisa business

Supermarket group Sainsbury’s has entered into talks to acquire convenience store operator Nisa. The grocery giant is understood to have tabled a £130 million bid for Nisa – whose 1,300 shopkeeper members run 3,000 stores – as part of a response to Tesco’s £3.7 billion merger with wholesaler Booker. Nisa has been working with investment bank Lazard on a sale process and is thought to have received interest from several prospective buyers. It is understood that Sainsbury’s offer was favoured by Nisa’s board.