Motor Fuel Group to acquire 337 Morrisons petrol forecourts in £2.5bn deal

Motor Fuel Group to acquire 337 Morrisons petrol forecourts in £2.5bn deal

Motor Fuel Group (MFG), in a landmark agreement, has acquired 337 Morrisons petrol forecourts, including fuel, convenience retail kiosks, and ancillary services, across the UK. This monumental £2.5bn transaction not only signifies a new strategic partnership between MFG and Morrisons but also marks a pivotal step in the development of Ultra-Rapid electric vehicle (EV) charging […]

Supermarket chain Morrisons accepts £6.3bn offer from Fortress-led group

Supermarket chain Morrisons accepts £6.3bn offer from Fortress-led group

British supermarket chain Morrison Supermarkets (Morrisons) has accepted a takeover bid of £6.3 billion ($8.7 billion) from a group led by Fortress Investment Group, a subsidiary of Japan’s SoftBank Group. Joining Fortress Investment in the proposal are Canada Pension Plan Investment Board and Koch Real Estate Investments. Shareholders of Morrisons will be offered 254 pence […]