Coop-Gruppe Genossenschaft said on June 23, 2022 it is planning to increase its stake in local meat processor and convenience products manufacturer Bell Food Group AG (SWX:BELL) to over 66.67% in the near future. Coop Group Cooperative currently holds 66.29% of the shares in Bell Food Group and considers the time to be perfect for boosting its interest in the business. Coop noted, however, that there are no plans to take over or delist the company from the SIX Swiss Exchange.

With the move, Coop aims to benefit from Bell's growth.