CD&R-backed Motor Fuel Group closes in on £2.5bn Morrisons deal
Wm Morrison, the grocery store chain, is closing in on a £2.5bn deal to promote its petrol forecourts portfolio to a different firm backed by the identical non-public fairness agency.Sky News understands that Motor Fuel Group (MFG) is weeks away from agreeing the takeover of Morrisons' gas retailing empire.
Both Morrisons and MFG are majority-owned by Clayton Dubilier & Rice (CD&R), the American buyout agency, and the talks between them - revealed by Sky News final September - at the moment are on the verge of a proper settlement.One supply mentioned a deal was anticipated to be introduced by early February.Morrisons' gas retailing operations embody about 340 websites, with one other 150 probably being added as MFG targets the speedy growth of its ultra-fast electrica...









