UK competition watchdog may subject takeover deal for Morrisons to in-depth probe

The private equity takeover of UK supermarket Morrisons looks set for a more detailed probe by Britain's competition regulator.

US private equity company Clayton Dubilier & Rice has been given five days to address competition concerns in its £7bn (€6.3bn) purchase of British grocer Morrison Supermarkets or it will face an in-depth probe from the UK’s competition watchdog.

Britain’s Competition and Markets Authority (CMA) said the deal could lead to higher fuel prices in 121 locations where both firms own forecourts, according to a statement.