Morrisons takeover faces deeper CMA probe over petrol competition concerns

Morrisons fuel queues, September 2021

Morrisons’ takeover by US private equity giant Clayton, Dubilier & Rice (CD&R) will face further scrutiny by the competition watchdog amid fears over petrol prices.

The Competition and Markets Authority has launched a phase-one inquiry into the £7bn deal, which CD&R sealed last October following a bidding war with rival suitor Fortress.

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