UK markets close in 5 hours 3 minutes
  • FTSE 100

    7,523.05
    +4.70 (+0.06%)
     
  • FTSE 250

    20,211.74
    +146.15 (+0.73%)
     
  • AIM

    962.60
    +0.88 (+0.09%)
     
  • GBP/EUR

    1.1795
    -0.0039 (-0.33%)
     
  • GBP/USD

    1.2419
    -0.0073 (-0.59%)
     
  • BTC-GBP

    24,129.84
    -581.03 (-2.35%)
     
  • CMC Crypto 200

    673.15
    +430.47 (+177.38%)
     
  • S&P 500

    4,088.85
    +80.84 (+2.02%)
     
  • DOW

    32,654.59
    +431.17 (+1.34%)
     
  • CRUDE OIL

    113.91
    +1.51 (+1.34%)
     
  • GOLD FUTURES

    1,817.00
    -1.90 (-0.10%)
     
  • NIKKEI 225

    26,911.20
    +251.45 (+0.94%)
     
  • HANG SENG

    20,644.28
    +41.76 (+0.20%)
     
  • DAX

    14,210.22
    +24.28 (+0.17%)
     
  • CAC 40

    6,431.74
    +1.55 (+0.02%)
     

New Morrisons owners avoid deal probe with petrol station sale

·1-min read
FILE PHOTO: A view of a Morrisons supermarket in Birtley

LONDON (Reuters) - Britain's competition regulator has proposed to accept an offer from supermarket group Morrisons' new private equity owner, Clayton, Dubilier & Rice (CD&R), to sell 87 petrol stations to address concerns over prices, it said on Tuesday.

In March, the Competition and Markets Authority (CMA) told CD&R to address concerns that its purchase of the Morrisons chain could lead to higher fuel prices if it wanted to avoid an in-depth investigation into the deal.

CD&R is the owner of the Motor Fuel Group (MFG), which is the United Kingdom's largest independent operator of petrol stations, with 921 to Morrisons' 339.

(Reporting by James Davey; Editing by Kate Holton)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting