Tesco announces offer for 30 petrol stations

Tesco today announced that it has made an offer to acquire up to 30 former BP/ Safeway petrol stations in the UK from WM Morrison, subject to BP pre-emption rights on 12 petrol stations.

The value of the gross assets attributable to the 30 sites and convenience stores at 30 January 2005 was approximately £55.3m (€80.8).

This asset deal is part of a series of Morrison disposals following on from the

Morrison/Safeway merger and will be subject to Office of Fair Trading clearance.