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Birmingham Post
Birmingham Post
Business
David Laister

Morrisons could look to bring investors to Grimsby's Europarc with seafood site sale and leaseback

Morrisons Grimsby CDR

Morrisons’ new owners could look to sell and leaseback the manufacturing facilities it owns in Grimsby as it looks to fund the huge deal and finance future plans.

Private equity firm Clayton Dubilier & Rice agreed a £7 billion deal for the Bradford-headquartered supermarket giant in October last year, after a lengthy auction process.

The deal for the then FTSE-listed firm was approved by the UK Competition and Markets Authority earlier this month, with CD&R advised by former Tesco chief executive Sir Terry Leahy.

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