Morrisons takes stake in MFG as it offloads petrol stations
Morrisons and Motor Fuel Group (MFG) have entered an agreement whereby the former will take a £2.5bn minor stake and the latter will acquire 337 of the grocer’s petrol stations.
MFG, owned by private equity firm CD&R, which also owns Morrisons, will take ownership of 337 of the retailer’s petrol forecourts and more than 400 associated sites across the UK in a £2.5bn transaction that will form a “new strategic partnership between the two companies”.
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