CD&R wins backing of Morrisons pension trustees

Morrisons supermarket Watford

Clayton, Dubilier & Rice have taken another step towards winning the race for Morrisons by agreeing a “comprehensive package” with the grocer’s pension trustees.

In a statement to the City, New York-based private equity firm CD&R said today it had reached an agreement with the trustees of the Morrisons Retirement Saver Plan and the Safeway Pension Scheme on a “comprehensive mitigation package” should they win the race for the grocery chain. 

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