Morrisons to beat Asda owners in race to buy McColls
by Jasper Jolly and Joanna Partridge from World news | The Guardian on (#5Z10Z)
Convenience store chain expected to be put into administration as soon as Monday morning
Morrisons is poised to beat the owners of Asda in the race to buy McColl's, the struggling convenience store chain that is expected to be put into administration as soon as Monday morning.
The bid from Morrisons is expected to be announced as the preferred bidder for McColl's, despite an improved offer from EG Group, the petrol forecourts operator owned by the Blackburn-based Issa Brothers, as first reported by Sky News.
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