Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Morrisons owner offers to sell 87 petrol stations to clear £7bn takeover

Morrisons supermarket in Cheadle, England
Morrisons’ new US owners want to put stores on to Motor Fuel Group forecourts. Photograph: Nathan Stirk/Getty Images

The new owner of Morrisons has offered to sell 87 petrol station forecourts in an effort to gain the competition watchdog’s approval for its £7bn takeover of the UK’s fourth largest supermarket.

The Competition and Markets Authority (CMA) said it was “minded to accept” the plan by Clayton, Dubilier & Rice, a US private equity firm that owns a string of petrol forecourts, but it would consult on it before making a final ruling.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.