May 3, 2022
Morrisons takeover set for approval from regulator
The UK's competition regulator is set to approve the acquisition of supermarket group Wm Morrison by Clayton, Dubilier and Rice in early June after the private equity group offered to sell 87 petrol stations. Morrisons operates 339 petrol stations across England, Scotland and Wales, while CD&R is also the owner of Motor Fuel Group, which has 921 sites. This year, the CMA identified 121 locations where competition could be reduced following the takeover. The buyers of the sites would have to be approved by the CMA, which could be done after the CD&R takeover of Morrisons has been cleared. Competition in retail fuel supply was also a factor in the CMA's investigation into the proposed takeover of Asda by J Sainsbury in 2018, though that transaction was ultimately blocked because of concerns about the grocery market.
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