Motor Fuel Group eyes £2bn deal for Morrisons petrol forecourt business
Motor Fuel Group (MFG) is reportedly in talks to buy Morrisons’ portfolio of 340 petrol station forecourts in a deal that could be worth up to £2.5bn.
Morrisons “has opened discussions” with the business regarding a deal and an agreement could be confirmed this autumn, Sky News has reported.
Morrisons and MFG are both owned by private equity firm Clayton, Dubilier & Rice (CD&R) and the deal is said to be part of MFG’s target to expand its ultra-fast electric vehicle (EV) charging network.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.