Clayton, Dubilier & Rice (CD&R) has been given the all-clear to complete its £7bn acquisition of Morrisons after the competition watchdog agreed to its offer to sell some petrol forecourts.
The US private equity firm won an auction to buy the grocery giant last year, but concerns had been raised by the Competition and Markets Authority (CMA) over its ownership of petrol forecourt group Motor Fuel Group (MFG).
MFG is the largest independent petrol forecourt operator in the UK with 921 forecourts. Morrisons owns 335 fuel outlets in England, Scotland and Wales, which would have given CD&R control of more than 1,200 of the UK’s 8,000 forecourts.
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