THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Morrisons owner plots sale of supermarket’s property assets

Morrisons owner Clayton Dubilier & Rice is understood to be planning to sell several of the supermarket’s warehouses, fisheries and food manufacturing plants. According to The… View Article

FOOD & DRINK

Morrisons owner plots sale of supermarket’s property assets

Morrisons owner Clayton Dubilier & Rice is understood to be planning to sell several of the supermarket’s warehouses, fisheries and food manufacturing plants.

According to The Sunday Times, the private equity firm is marketing the range of property assets to potential buyers as it looks to raise £600 million from the sales.

The newspaper said it expects the portfolio to contain more than two dozen sites out of Morrisons’ nine distribution centres and 20 manufacturing plants. These would then be likely to be leased back to Morrisons by their new owners.

Earlier this month, the Competition and Markets Authority confirmed that CD&R could complete its £7 billion takeover of Morrisons.

There had been concerns that the acquisition would result in a substantial lessening of competition markets in the UK, as like Morrisons, CD&R runs a number petrol forecourts around the country through its Motor Fuel Group.

However, the CMA has now formally accepted an offer from CD&R to sell 87 of its forecourts to enable the takeover to push through.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News