Morrisons and Motor Fuel Group in talks on petrol forecourts deal
The Morrisons supermarket chain is in talks to sell its petrol forecourts business to Motor Fuel Group.
According to Sky News, an agreement could be reached this autumn.
Like Morrisons, Motor Fuel Group is controlled by private equity firm Clayton, Dubilier & Rice.
The supermarket operates around 340 petrol forecourts and Sky News has reported that the deal could be worth up to £2.5 billion.
The move echoes a similar deal in which Asda announced back in May that it was acquiring EG Group’s UK and Ireland business in a £2.27 billion deal. Both Asda and EG Group are owned by the Issa brothers and TDR Capital.
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