The UK competition watchdog has indicated it could push through the rescue takeover by Morrisons of convenience chain McColl’s after the supermarket firm offered to address competition concerns.
Earlier this month, the Competition and Markets Authority (CMA) raised concerns over 35 locations where it saw the potential for reduced competition between McColl’s, Morrisons and Motor Fuel Group – which is owned by Morrisons’ parent firm – stores.
The undertakings have not been disclosed but are expected to be slightly below 35, with the disposal of certain stores expected to ease concerns in more than one area.
