By Hugh Radojev9 May 2022
Morrisons has beaten off competition from Asda owners the Issa brothers to snap up embattled c-store specialist McColl’s out of administration.
After a weekend of twists and turns, it was confirmed on Monday afternoon that Morrisons had won the battle to acquire McColl’s out of administration in a pre-pack deal.
The supermarket giant saw off competition from Asda owners the Issa brothers and TDR Capital after its initial offer Thursday last week was turned down by McColl’s lenders.
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