Watchdog to examine concerns about US private equity firm controlling 1,235 of UK’s 8,000 forecourts
The UK’s competition watchdog is to examine the £7bn takeover of Morrisons by a US private equity firm that owns a string of petrol forecourts.
The Competition and Markets Authority said Clayton, Dubilier & Rice, which completed its takeover of the supermarket chain last week, should ensure that Morrisons’ operations remained separate from the finance firm’s Motor Fuel Group until the potential effect on consumers from a tie-up had been considered.
