New Morrisons owners avoid deal probe with petrol station sale

·1-min read
FILE PHOTO: A view of a Morrisons supermarket in Birtley

LONDON (Reuters) - Britain's competition regulator has proposed to accept an offer from supermarket group Morrisons' new private equity owner, Clayton, Dubilier & Rice (CD&R), to sell 87 petrol stations to address concerns over prices, it said on Tuesday.

In March, the Competition and Markets Authority (CMA) told CD&R to address concerns that its purchase of the Morrisons chain could lead to higher fuel prices if it wanted to avoid an in-depth investigation into the deal.

CD&R is the owner of the Motor Fuel Group (MFG), which is the United Kingdom's largest independent operator of petrol stations, with 921 to Morrisons' 339.

(Reporting by James Davey; Editing by Kate Holton)

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