UK competition watchdog to probe Morrisons' purchase of McColl's

MccollS Retail

30/05/2022 11:11

LONDON, May 30 (Reuters) - Britain's competition regulator
will investigate supermarket group Morrisons' purchase of
convenience store chain McColl's out of administration, it said
on Monday.
    The Competition and Markets Authority (CMA) will examine
whether the deal results in a substantial lessening of
competition.
    Earlier this month, Morrisons, which has a wholesale supply
deal with McColl's, took on all its 1,160 stores, including 270
Morrisons Daily branded stores, in a so-called pre-pack
administration.  urn:newsml:reuters.com:*:nL5N2X1516
    Morrisons, which trails market leader Tesco  TSCO.L ,
Sainsbury's  SBRY.L  and Asda, has been owned since October by
U.S. private equity group Clayton, Dubilier & Rice (CD&R).

 (Reporting by James Davey; editing by Jason Neely)
 ((james.davey@thomsonreuters.com))