Morrisons faces CMA probe into McColl’s rescue bid

McColl's store Plymouth, exterior

The UK’s competition watchdog has launched an investigation into the takeover bid for convenience specialist McColl’s by supermarket giant Morrisons.

Morrisons snapped up the beleaguered c-store chain out of administration with a £182m deal in May after soaring costs due to supply chain disruption, inflation and debt left McColl’s on the brink.

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