Morrisons, the UK grocery chain, has agreed to sell its petrol forecourt business, including 337 petrol stations and over 400 electric-vehicle charging sites, to Motor Fuel Group (MFG) for £2.5 billion. MFG, which shares the same private equity owner as Morrisons, is acquiring the assets as part of Morrisons' strategy to adapt to evolving customer needs, with plans to enhance the electric vehicle charging network.
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Motor Fuel Group agrees to buy 337 gas stations and more than 400 electric-vehicle charging sites from UK grocery chain Morrisons in a deal worth £2.5 billion ($3.2 billion) https://t.co/kaYVoLuZw5
#Breaking Morrisons said it has agreed a £2.5 billion deal to sell its 337 petrol forecourts to Motor Fuel Group, which has the same private equity owner as the supermarket https://t.co/tG013XaC0p