Morrisons welcomes the announcement today by the Competition and Markets Authority (CMA) that it has accepted the undertakings given by CD&R in relation to its acquisition of Morrisons.
David Potts, Morrisons’ CEO, said: “I am pleased the acquisition has cleared the final regulatory hurdle and we can now work closely with CD&R on the path ahead. Following hard on the heels of Covid, the cost of living crisis is another critical period for food retailers in the UK and there is important work ahead of us as we look to help customers and colleagues through these difficult economic times.”
Sir Terry Leahy, Senior Adviser to CD&R funds, said: “We welcome today’s announcement and the CMA’s thoughtful engagement throughout the process. We are delighted to be supporting Morrisons on the next stage of their journey and to working closely with the team to grow the business and provide quality, value, service and choice - shopping trip attributes that have long been the company’s tradition.”