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Competition watchdog to look at Morrisons £7 billion takeover deal

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Britain’s competition regulator is to start an investigation into the proposed Morrisons take-over by an American private equity firm.

The decision comes days after the supermarket chain was taken off the Stock Market.

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The family business has been sold for £7 billion to Clayton, Dubilier & Rice (CD&R).

The Competition and Markets Authority (CMA) has served an initial order on Morrisons, CD&R and Motor Fuel Limited (MFL).

MFL is also owned by the investment group.

It has more than 900 petrol stations across the UK.

The CMA has said all parties must remain separate and hold off integration plans until its inquiries are completed.

The CMA wants to look at competition between MFL and Morrisons’ own 335 petrol forecourts.

 

 

 

 

 

 

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