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Birmingham Post
Birmingham Post
Business
Tom Keighley

Morrisons takeover by US private equity can go ahead, watchdog confirms

The takeover of supermarket chain Morrisons by a US private equity firm will go ahead following clearance from the Competition and Markets Authority.

Clayton, Dubilier & Rice (CD&R) is set to complete its £7bn acquisition of the Bradford-based grocer after it agreed to sell dozens of petrol stations to alleviate concerns the deal could lead to higher petrol prices.

It follows an investigation by the CMA into a deal that would have given CD&R control of more than 1,2000 of the UK's 8,000 petrol stations.

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