Morrison's supermarket up for sale.
The board at Morrison's, Britain's fourth largest supermarket chain, has accepted a bid of £6.3 Billion/$8.7 Billion from U.S. investment group Fortress.
110,000 staff at nearly 500 stores most of which Morrison's own the freehold to will be included in the deal.
Fortress' bid is backed by funding from Canada Pension Plan and Koch real estate investments. Part of Koch industries.
LOTTA questions are likely to be asked by both UK government and the opposition as to why they want it and guarantees will be sought for the staff currently employed before government consents to the sale let alone if shareholders approve it.
https://www.bbc.co.uk/news/business-57705253
110,000 staff at nearly 500 stores most of which Morrison's own the freehold to will be included in the deal.
Fortress' bid is backed by funding from Canada Pension Plan and Koch real estate investments. Part of Koch industries.
LOTTA questions are likely to be asked by both UK government and the opposition as to why they want it and guarantees will be sought for the staff currently employed before government consents to the sale let alone if shareholders approve it.
https://www.bbc.co.uk/news/business-57705253