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Insider UK
Insider UK
Business
Peter A Walker

INSANE: Morrisons takeover of mccolls gets green light | Rare Historical Photos

Morrisons’ takeover of McColl’s has been provisionally approved, after the supermarket giant told regulators it would sell 28 convenience stores to push the move through.

The supermarket group agreed a £190m deal to rescue McColl’s from administration in May.

However, the Competition and Market Authority (CMA) last month raised concerns over 35 locations where it saw the potential for reduced competition between McColl’s, Morrisons and Motor Fuel Group - which is owned by Morrisons’ parent firm - stores.

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