Morrisons owner offers to sell 87 petrol stations to clear £7bn takeover
by Sarah Butler from World news | The Guardian on (#5YTE8)
US private equity group Clayton, Dubilier & Rice is seeking approval for deal from competition regulator
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 will consult on it before making a final ruling.
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