Members of the Nisa convenience store group have marginally voted in favour of a £143m takeover bid by Co-operative Group.
Some 75.79% of Nisa members voted for the deal, a fraction above the 75% support required for the bid to succeed.
It comes amid mounting worries over the future of small retail outlets, especially in the aftermath of Tesco’s controversial move to acquire wholesaler Booker.
Co-op’s purchase of Nisa will likely be completed early next spring once approval has been granted by the UK’s Competition and Markets Authority.
Nisa claims the deal will bring benefits for its members, including “access to greater scale, the Co-op’s award-winning range and own label proposition”.