Motor Fuel Group eyes £2bn deal for Morrisons petrol forecourt business

Morrisons petrol pump

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.

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