Today news
About the same in other media
CMA to examine £7bn takeover of Morrisons owing to petrol stations
Reading now: 736
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.
The watchdog has up to four months to decide whether to launch a full inquiry into whether consumers can be harmed by CD&R taking control of more than 1,200 of the UK’s 8,000 petrol stations.
A full investigation could take more than six months to complete.
Motor Fuel Group, which CD&R acquired in
Read more on theguardian.comAbout this in other media
Finance firms double speaking fees to lawmakers: ‘It’s a growing and lucrative nice little earner’ fnlondon.com /3 years ago
Mounting fears over LV= takeover amid claims rivals aim to split up mutual theguardian.com /3 years ago
Ban ads for cryptocurrencies at stations and on buses, TfL urged theguardian.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
