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 Bradford-based supermarket group agreed a £190 million 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.
The watchdog said on October 10 it is now set to accept an offer from Morrisons to sell 28 McColl's stores to address the concerns over local competition.
It comes after Morrisons was acquired by US private equity firm Clayton, Dubilier & Rice (CD&R), the parent company of 800-strong petrol forecourt giant MFG, for £7 billion last year.
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