A view of a Morrisons supermarket in Birtley, Britain August 16 2021. REUTERS/Lee Smith/File Photo
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. read more
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).
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